Oral Answers to Questions

Debate between Emma Reynolds and Meg Hillier

Tuesday 4th March 2025 Commons Chamber

[Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

We all know how important it is to encourage savings, because so many people are a paycheque away from poverty, but there has been a lot of discussion about lazy capital in cash-only ISAs, for example, and other savings accounts. I know there is a drive by Government to see greater investment. Would the Minister like to expand on the Government’s thoughts on that? In particular, can she make any comments about the security of the cash ISA?

[Emma Reynolds]

Cash savings provide a vital source of savings for a rainy day, and we recognise that. Equally, we want to build a better investment culture in our society, so that it is not just the 8% of people who can afford financial advice who can have the opportunity of better rewards by investing in British companies and others in our economy.

Oral Answers to Questions

Debate between Emma Reynolds and Meg Hillier

Monday 7th October 2024 Commons Chamber

[Emma Reynolds]

The ombudsman took six years to look into what is a serious, significant and complex set of cases. We need time to look at that seriously, and we are doing precisely that.

[Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

9. What steps she is taking to support vulnerable people into work.