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Written question asked by Nigel Waterson (Conservative) on Thursday, 18 March 2010, in the House of Commons. It was due for an answer on Monday, 22 March 2010. It was answered by Angela Eagle (Labour) on Tuesday, 23 March 2010 on behalf of the Department for Work and Pensions.


National Employment Savings Trust

Question
To ask the Secretary of State for Work and Pensions with reference to the written ministerial statement of 16 March 2010, Official Report, columns 57-8WS, on National Employment Savings Trust (NEST), over what time period she expects the proposed Government loan to NEST to be repaid.
Answer

The period in which the loan to NEST Corporation will be repaid will ultimately depend on a variety of factors, including the final costs of NEST and the size and nature of its membership. We anticipate that the total loan period, including the years in which NEST borrows from Government and the subsequent repayments, will last in the region of 20 years.


Secondary information

Type
Written question
Reference
508 c205W; 323771
Session
2009-10
Subjects
National employment savings trust scheme
Link
View this Written question on www.publications.parliament.uk