Saving Gateway Accounts Bill

Yes, indeed I can. Moving from a match rate of, say, 50 per cent. to 100 per cent. would be a major decision, with serious cost implications. We think that our figure for the amount that can be paid in monthly is appropriate, and we anticipate that future adjustments will be needed only to keep pace with inflation, or something similar. We are therefore talking about two different matters: we think that a change in the match rate would be a fundamental redesign of the scheme, whereas updating for inflation would not be. As a result, it is more appropriate that such updating should be covered by the negative procedure.