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Savings Accounts and Health in Pregnancy Grant Bill

My Lords, out of this Bill we are saving £3 billion of spending which we believe could be better targeted. We therefore believe that that is actually concentrating our scarce resources on disadvantaged children and child poverty—that is where the resources should go—as well as enhancing growth in our economy through spending on infrastructure, low-carbon investments and science. I realise that the measures in the Bill are disappointing to some noble Lords. I believe that they are necessary. Notwithstanding the fact that this is a money Bill, we have had a good debate. Some follow-up points in one important area have been made from all sides of the House. I believe that the Bill is necessary and I ask the House to give it a Second Reading. Bill read a second time. Committee negatived. Standing Order 46 having been dispensed with, the Bill was read a third time and passed.