Help to Save Scheme

Debate between Lord Morgan and Lord Ashton of Hyde

Thursday 17th March 2016 Lords Chamber

[Lord Ashton of Hyde]

To take the last bit of the noble Lord’s question first, there will be a consultation as I said, and these details will have to be gone into, not least with the providers of these accounts. This is to help prevent people getting into debt in the first place. I take the point the noble Lord raised. There are potential dangers, but at the same time I return the quote. The chief executive of StepChange Debt Charity said:

“We welcome Government recognition of the need for a savings scheme aimed at those on low incomes. Our research shows that if every household in the UK had £1,000 in rainy day savings, 500,000 would be protected from falling into problem debt”.

[Lord Morgan (Lab)]

Is this not a replication of the Labour Government’s excellent Saving Gateway scheme, which was so foolishly abolished by the coalition Government?

Tax Credits

Debate between Lord Morgan and Lord Ashton of Hyde

Wednesday 4th November 2015 Lords Chamber

[Lord Ashton of Hyde]

My Lords, I am not quite sure what the planned tax credits are now, which is why we will wait until the Autumn Statement. However, I can say that for disabled people we have until now protected those benefits related to the additional costs of disability and we will continue to do so.

[Lord Morgan (Lab)]

My Lords, is it not shown by the Social Mobility and Child Poverty Commission that 7 million children will suffer as a result of the cuts in tax credits and that the income of 45% of working families will go down? This is not a constitutional crisis, it is a humanitarian crisis, for which the savage and shameful policy of the Government is solely responsible.

[Lord Ashton of Hyde]

It is interesting that since we took over as the Government in 2010, 800,000 fewer people are in relative low income before housing costs and 300,000 fewer children are in relative low income.

Economic and Social Inequality

Debate between Lord Morgan and Lord Ashton of Hyde

Thursday 18th June 2015 Lords Chamber

[Lord Ashton of Hyde]

My Lords, housing is of course extremely important. The effect on low-income families for housing is particularly acute so, as we all know, the Government are working on this. But the most important thing is that people in whatever kind of housing it may be are able to work and produce benefits for their families.

[Lord Morgan (Lab)]

My Lords, is not the main cause of inequality in fact inequality of wealth, which was not dealt with in the Answer? No Chancellor has attempted to deal with it since David Lloyd George quite a long time ago. However, have not the present Government made matters significantly worse by failing to tackle inheritance fairly and by failing to set proper taxation on wealthier property? Is it not appropriate to consider the Government’s policy on equality on Waterloo Day?

[Lord Ashton of Hyde]

My Lords, the facts do not bear out the noble Lord’s question. I accept that wealth inequality is higher than income inequality—although he is shaking his head—and that is the case both in the UK and across the OECD. However, it has not changed since records began in 2006. Internationally, the level of wealth inequality in the UK remains below the OECD average and significantly lower than that seen in the US.