Individual Savings Accounts: AIM Shares Debate
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Lord Campbell-Savours
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Individual Savings Accounts: AIM Shares
Lord Campbell-Savours Excerpts(12 years, 10 months ago)
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Lord Campbell-Savours
My Lords, would the Minister care to remind the House of the scale of the collapse of companies on the AIM market? Perhaps I may say that I support the Government’s position.
Lord Sassoon
My Lords, the AIM market has been very successful, and I do not want to say anything to suggest that it is not. However, it is true that the number of shares on that market has come down from a peak of about 1,700 to the current figure of about 1,140, and of course there has been a similar decline in the value of the market. Therefore, it is a successful market but one that has a range of much smaller shares within it.