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Proceeding contribution from Ian Pearson (Labour) in the House of Commons on Wednesday, 25 February 2009. It occurred during Debate on bill on Saving Gateway Accounts Bill.


Saving Gateway Accounts Bill

That is true; that is how the legislation is worded. If a future Government decided to double the match rate without consultation and without agreement, I am sure that people would pray against the regulations. Our clear policy intention is to update the monthly deposit limit, but we do not at the moment foresee making a fundamental change, such as a change to the match rate. That should be debated, and be subject to the affirmative procedure.


Secondary information

Type
Proceeding contribution
Reference
488 c312 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Bank services Credit unions Carers' benefits Eligibility Financial services Financial institutions Interest rates Personal savings Low incomes Social security benefits Saving gateway
Legislation
Saving Gateway Accounts Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk