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Saving Gateway Accounts Bill

I beg to move, That the Bill be now read a Second time. It is a pleasure to open the debate on the Saving Gateway Accounts Bill. The Bill will create a national saving gateway scheme, starting in 2010, giving 8 million people on low incomes the chance to save, with Government help, and I hope that it will have the support of hon. Members on both sides of the House. The aim is to give those on the lowest incomes help to start saving, to kick-start a saving habit among those who are often the least likely and least able to save, and to bring people into contact with mainstream financial services, some of them for the first time.