Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what performance indicators he has agreed with National Savings and Investments (NS&I) on the delivery of tax-free childcare; how often NS&I will be benchmarked against such indicators; how often the results of this benchmarking will be made available; what penalties have been agreed for poor performance against these indicators; and if he will make a statement.

On the 23 May the Government published a further consultation on the delivery of childcare accounts within Tax-Free Childcare. The consultation will be open until 27 June and the Government will consider the responses alongside those to the first consultation before it makes its decision on the provision of childcare accounts.