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Proceeding contribution from Lord Myners (Labour) in the House of Lords on Thursday, 2 April 2009. It occurred during Debate on bill and Committee proceeding on Saving Gateway Accounts Bill.


Saving Gateway Accounts Bill

I would be very disappointed if people were saving only £1 a month, but I would not be disappointed if, in a particular month, someone felt that they could save only what represented a very small sum. It is for the account provider, having knowledge of their own efficiency and business plans, to reach their own determination in that respect. That is a sensible blend of social objective and commercial market practice.


Secondary information

Type
Proceeding contribution
Reference
709 c338-9GC 
Session
2008-09
Chamber / Committee
House of Lords Grand Committee
Subjects
Compensation Carers Administration Costs Bank services Delegated legislation Advisory services Department for Work and Pensions Eligibility Information Financial services European communities Domicil Pension credit Pensioners Personal savings Low incomes Social security benefits Welfare tax credits Take-up Revenue and Customs Saving gateway Financial Services Compensation Scheme
Legislation
Saving Gateway Accounts Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk