Oral Answers to Questions
Debate between Lucy Frazer and David Rutley(2 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lucy Frazer
The hon. Member makes an important point. We have a number of pilots relating to e-scooters. A lot of people are using them, but we must ensure that they use them safely. When we bring in regulations to ensure that people can continue with that method of travel, we will of course consult widely and discuss how we can do that safely.
David Rutley (Macclesfield) (Con)
Sadly, too many local residents and passengers have experienced cancelled and disrupted Avanti West Coast train services over recent months, despite the excellent service of the team at Macclesfield railway station. Can my right hon. Friend confirm that Avanti’s day-to-day operational performance over the period of the new short-term contract will also be a material factor in determining who will be awarded the long-term National Rail contract to operate west coast services after April 2023? Local passengers deserve better.
Savings (Government Contributions) Bill (First sitting)
Debate between Lucy Frazer and David Rutley(8 years, 1 month ago)
Public Bill CommitteesRead Full debate Read Hansard Text
David Rutley (Macclesfield) (Con)
How risky is the investment?
Carol Knight: A lifetime ISA can have anything within it, so the risk would be determined by the assets you choose to put in it. They will go from low to high. There is no restriction on the investments that can go into a lifetime ISA. It depends on what you choose to put in it, really.
Lucy Frazer
Is there anything that you would like to add?
Yvonne Braun: I completely agree that it will depend on the asset mix in the lifetime ISA. I am sure that an adviser would also take into account that 25% will be added, which will help to balance out the risk a bit. We are not sure that, beyond a first home purchase and terminal illness, which are currently in the Bill, additional lifetime events need to be included. If you take redundancy, there are other savings vehicles for that, so I am not necessarily sure that the state needs to step in with a Government contribution to support that. I would probably say the same for buying a second home—I take it that by that you do not mean buying an additional home, but moving the next step up and buying a bigger home.
Carol Knight: Not a holiday home, no.
Yvonne Braun: I think that the main pressure point in terms of housing seems to be for people to get on to the housing ladder in the first place because they are taking so long to get their deposit together. I think that issue is alleviated once people make the second step up.