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1138909

registered interest
date	15/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Savings
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will meet with (a) banks and (b) other financial institutions on recent reports of personal savings accounts with £170 billion and for which no interest is paid.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	277117
answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors, including banks and other financial institutions, as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p>Interest rates on savings accounts are set by the institution providing the account. As this is a commercial decision, the Government does not seek to intervene. If a customer is not content with the interest rate they receive, Government encourages them to shop around to find the best savings account for their needs.<p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 18/07/2019 13:04:01 answering member 4051 label Biography information for John Glen
tabling member	1409 label Biography information for Mr Gregory Campbell

1138081

registered interest
date	10/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many people have invested in a Lifetime ISA since its introduction.
tabling member constituency	Brigg and Goole
tabling member printed	Andrew Percy
uin	275729
answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>The Lifetime ISA was introduced to help younger generations save both for their first home and later life. It has been available since April 2017. Individuals can subscribe up to £4,000 a year into a Lifetime ISA, receiving a 25% government bonus.</p><p> </p><p>Since its introduction, monthly digital reporting to HMRC by Lifetime ISA providers indicate that over 330,000 people have invested in a Lifetime ISA.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/07/2019 13:20:57 answering member 4051 label Biography information for John Glen
tabling member	3939 label Biography information for Andrew Percy

1138085

registered interest
date	10/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the average age is of people who have taken up a Help to Buy ISA.
tabling member constituency	Brigg and Goole
tabling member printed	Andrew Percy
uin	275733
answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>The average age of people who have taken up a Help to Buy: ISA is 26. Other key statistics on the Help to Buy ISA can be found here; <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/798122/H2B_ISA_official_statistics_December_2018.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/798122/H2B_ISA_official_statistics_December_2018.pdf</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 18/07/2019 13:17:53 answering member 4051 label Biography information for John Glen
tabling member	3939 label Biography information for Andrew Percy