Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Tuesday, 21 April 2009. It occurred during Debate on bill and Committee proceeding on Saving Gateway Accounts Bill.
Saving Gateway Accounts Bill
I thank the Minister for that response. I hope that the Government will take away a lot of these issues. There has been an assumption that drafting a Bill with huge regulation-making powers is the most satisfactory way to proceed and, from the Government’s perspective, clearly it is. But from the perspective of the potential account providers, the more flexibility the Government have, the greater their ability to change the terms of business after people have made an initial decision. That may prevent people from making a decision if there is too much uncertainty or it may cause a lot of difficulty after the scheme has started. I hope that the Minister will look again at this and at some of the other issues that we discussed at our first Committee sitting. I beg leave to withdraw the amendment. Amendment 36 withdrawn.
Secondary information
- Type
- Proceeding contribution
- Reference
- 709 c360GC
- Session
- 2008-09
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Appeals Capital gains tax Bank services Advisory services Income tax Financial services Financial institutions Overpayments Pilot schemes Personal savings Low incomes Northern Ireland Payments Social security Tax allowances Take-up Revenue and Customs Saving gateway
- Legislation
- Saving Gateway Accounts Bill 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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