Lord Wilson of Sedgefield (Lab)
From next April, we are planning to reduce the allowance for investment in cash ISAs to £12,000 to encourage people to invest in stocks and shares ISAs. Figures for 2024-25 will be published later this month on how much more money is being invested in stocks and shares ISAs. We do not have the figures for the current year, but we will see from those figures the investment levels that are being transferred over to stocks and shares ISAs and how that money is going to be spent.
Baroness Neville-Rolfe (Con)
My Lords, will public/private partnerships form part of the Burnham Government’s new architecture for growth beyond the health sector, which the Minister has described, and decarbonisation? It is good to see the noble Lord, Lord Brooke, returning to the battle on this matter.
Lord Wilson of Sedgefield (Lab)
We will always look at public/private partnerships beyond health centres and beyond decarbonising the public sector, but, as I have continually said, we will do that only if it is in the best interest of the taxpayer and of the Exchequer. We are looking at how best to use public/private partnerships through the National Wealth Fund and we are bringing regional mayors into the system. That will broaden out what we can do with public/private partnerships beyond the two main initiatives that have been announced.