Bank Services
(asked on 5th June 2018) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many people signed up for help to save accounts in (a) January, (b) February, (c) March, (d) April and (e) May 2018.
The table below shows the number of Help to Save accounts which have been signed up to each month since January 2018. Numbers for May 2018 will not be finalised until the middle of June, and so cannot be provided.
Number of people signing up to Help to Save Accounts Since January 2018 (1) |
| ||
| Each month | Cumulatively |
|
January 2018 | 10 | 10 |
|
February 2018 | 1,540 | 1,550 |
|
March 2018 | 4,780 | 6,330 |
|
April 2018 | 10,800 | 17,120 |
|
(1) Numbers are represented in single units, so there were 10 people signed up to Help to Save in January, rising to seventeen thousand, one hundred and twenty cumulatively by the end of April. The figures are rounded to the nearest ten. |
| ||
We do not have estimates available on the number of people invited to sign up for a Help to Save account. Customers are being invited to join the trial through the points of contact that tax credits and Universal Credit customers already have with Government, including the HMRC mobile app and Personal Tax Accounts. Once they have been invited, customers are able to share the information they have received about the scheme. We cannot track the number of people who might have entered the scheme through such a referral.