Parliamentary search - Saving Gateway Accounts Bill

Type

Parliamentary proceeding

Reference

488 c289-327

Session

2008-09

Department

Treasury

Legislative stage

Third reading and Report stage

Chamber / Committee

House of Commons chamber

Saving Gateway Accounts Bill. As amended in Public Bill Committee.
Thursday, 5 February 2009
Bills
House of Commons

Proceeding contributions

Mark Hoban | 488 c315 (Link to this contribution) I beg to move amendment 1, in page 7, line 9 , at end insert—

Stephen Ladyman | 488 c316 (Link to this contribution) I agree with the hon. Member for Fareham (Mr. Hoban) to this extent: all the accounts must have a de...

Show all contributions (68)

Jeremy Browne | 488 c317 (Link to this contribution) There are three broad areas of consideration in respect of this issue, and we touched on them during...

John Howell | 488 c317-8 (Link to this contribution) The debate about amendment 1 has been helpful because it gets to the heart of what the Bill is about...

Jeremy Browne | 488 c314 (Link to this contribution) Perhaps the hon. Member for South Thanet (Dr. Ladyman) should have asked the Minister why the Govern...

Mark Hoban | 488 c314 (Link to this contribution) Given the ministerial experience of the hon. Member for South Thanet, I suspect that he knows exactl...

Stephen Ladyman | 488 c314 (Link to this contribution) I have noticed that the frequency with which the Opposition ask for the positive procedure to be use...

Mark Hoban | 488 c314 (Link to this contribution) Well, I do not think that the two are in any way correlated. There is a debate to be had about what ...

Mark Hoban | 488 c314 (Link to this contribution) The hon. Member for South Thanet (Dr. Ladyman) asked why Opposition Members argue for the affirmativ...

Ian Pearson | 488 c312-3 (Link to this contribution) My hon. Friend makes a very good point. It is perfectly possible for people to pray against regulati...

Stephen Ladyman | 488 c312 (Link to this contribution) For the life of me, I have never understood why the Opposition always make that point. If the Govern...

Mark Hoban | 488 c312 (Link to this contribution) But the Bill gives the Minister the power to double the monthly contribution by means of the negativ...

Ian Pearson | 488 c312 (Link to this contribution) That is true; that is how the legislation is worded. If a future Government decided to double the ma...

Mark Hoban | 488 c311 (Link to this contribution) Can the Minister explain why he has decided that variations to the match rate should be subject to t...

Ian Pearson | 488 c311 (Link to this contribution) Yes, indeed I can. Moving from a match rate of, say, 50 per cent. to 100 per cent. would be a major ...

Jeremy Browne | 488 c310 (Link to this contribution) As the hon. Member for Fareham (Mr. Hoban) rightly said, on Second Reading I spoke about what I cons...

Ian Pearson | 488 c310-1 (Link to this contribution) I hope that I can convince the House that the Government’s approach to what is put on the face of th...

Speaker | 488 c308 (Link to this contribution) With this it will be convenient to discuss the following: Amendment 9, in clause 27, page 13, line 4...

Mark Hoban | 488 c308-10 (Link to this contribution) This group of amendments tries to address one of the issues that the hon. Member for Taunton (Mr. Br...

Mark Hoban | 488 c308 (Link to this contribution) I beg to move amendment 2, in page 4, line 19, at end insert—

Ian Pearson | 488 c318-20 (Link to this contribution) I sympathise with the sentiment behind the amendment. We all want to ensure that savers benefit from...

Mark Hoban | 488 c320-1 (Link to this contribution) We have chewed this over in Committee and again today. My concern is to ensure that the default opti...

Ian Pearson | 488 c321-2 (Link to this contribution) I beg to move, That the Bill be now read the Third time. We had an interesting debate on Report, an...

Charles Walker | 488 c325-6 (Link to this contribution) The Bill is a small step towards ensuring that this country rediscovers the savings culture. Our lon...

Jeremy Browne | 488 c324-5 (Link to this contribution) This stage of the legislative process is a little bit like an Oscars ceremony, as we run through all...

John Redwood | 488 c326-7 (Link to this contribution) The Bill is a mouse of a measure to handle an elephant of a problem. The Liberal Democrats say that ...

Jeremy Browne | 488 c322 (Link to this contribution) I have one example of something that has taken longer: the forthcoming referendum on introducing pro...

Mark Hoban | 488 c322 (Link to this contribution) As the Economic Secretary said, there is broad support for the Bill. He also mentioned on Report how...

Stephen Ladyman | 488 c323-4 (Link to this contribution) This has been an enjoyable Bill to be involved with, and I am grateful to Members of all parties for...

Mark Hoban | 488 c322-3 (Link to this contribution) I should always expect a Liberal Democrat MP to make a reference, wherever possible, in any debate, ...

Mark Hoban | 488 c301-2 (Link to this contribution) In the course of discussion about financial inclusion, it has frequently been observed that some ins...

James Duddridge | 488 c302 (Link to this contribution) The amendment refers to"““location of the provider’s premises””." Given that more providers are usi...

Mark Hoban | 488 c301 (Link to this contribution) I am not sure I agree. The amendment refers to conditions, and to the need to have regard to the loc...

Stephen Ladyman | 488 c301 (Link to this contribution) But the wording of paragraph (c) would empower the Government to limit provision to organisations th...

Mark Hoban | 488 c300 (Link to this contribution) We want there to be as many providers as possible. We want the widest possible geographical network....

Stephen Ladyman | 488 c301 (Link to this contribution) If the hon. Gentleman’s intention is to widen the potential provision of the accounts, that would se...

Stephen Ladyman | 488 c300 (Link to this contribution) I am grateful to the hon. Gentleman. His answer to my question might mean that I will not need to ma...

Mark Hoban | 488 c299-300 (Link to this contribution) This second group of amendments deals with two particular points. Let me deal with amendment 5 first...

Stephen Ladyman | 488 c308 (Link to this contribution) The hon. Gentleman might like to know that Wantsum Savers offered a counter service using my office ...

Mark Hoban | 488 c308 (Link to this contribution) That is an interesting suggestion. One issue that credit unions face is the availability of access p...

Stephen Ladyman | 488 c303-4 (Link to this contribution) I would not, perhaps, put it that strongly, but, absolutely, that is broadly what I am saying. One o...

Jeremy Browne | 488 c304-5 (Link to this contribution) I must say that I do not see the point of amendment 5, unless its purpose is to make it clear that w...

Charles Walker | 488 c305-6 (Link to this contribution) We are approaching a new age of financial responsibility as a result of the current downturn in the ...

Ian Pearson | 488 c306-7 (Link to this contribution) These amendments cover two distinct areas, but they have in common that they both relate to the requ...

Mark Hoban | 488 c302-3 (Link to this contribution) That is an interesting question, and not one that we explored in Committee. Perhaps if my hon. Frien...

Stephen Ladyman | 488 c303 (Link to this contribution) Let me begin by saying that, despite the discussions we have had in Committee and today, I agree wit...

Jeremy Browne | 488 c303 (Link to this contribution) Is the hon. Gentleman saying that banks that judge it not to be commercially in their interests to g...

Jeremy Browne | 488 c292-3 (Link to this contribution) Without the distraction of girl guides, I can give my full attention to the important considerations...

John Howell | 488 c293-4 (Link to this contribution) A number of hon. Members have pointed out that there was a high degree of consensus on the Bill in C...

Mark Hoban | 488 c289 (Link to this contribution) I join other right hon. and hon. Members in sending my condolences to David and Samantha Cameron on ...

James Duddridge | 488 c291 (Link to this contribution) Amendment 13 is insightful, but proposed new subsection (8)(b) refers to those aged between 18 and 6...

Mark Hoban | 488 c289-91 (Link to this contribution) This group of amendments focuses on eligibility, a topic that we discussed at some length during wha...

Stephen Ladyman | 488 c292 (Link to this contribution) The Committee stage was consensual, but that does not mean that the Bill could not be improved a lit...

Mark Hoban | 488 c291-2 (Link to this contribution) My hon. Friend makes an important point, and I wish I had consulted him before tabling the amendment...

Speaker | 488 c299 (Link to this contribution) With this it will be convenient to discuss amendment 6, in page 5, line 25 [Clause 11], leave out pa...

Ian Pearson | 488 c294-6 (Link to this contribution) Let me begin by adding my condolences to those expressed by other right hon. and hon. Members to Dav...

Mark Hoban | 488 c297 (Link to this contribution) I thank the Minister for the way in which he responded to the amendments, and for his suggestion tha...

Ian Pearson | 488 c297 (Link to this contribution) I welcome my hon. Friend’s comments. It is right that the Government should always be open to listen...

Mark Hoban | 488 c299 (Link to this contribution) I beg to move amendment 5, in page 3, line 33, at end insert—

Mark Hoban | 488 c298-9 (Link to this contribution) Indeed, I was coming on to the issue of the 2.7 million people who are eligible to claim those benef...

Ian Pearson | 488 c298 (Link to this contribution) I just want to be clear about the numbers of people involved. Our estimate is that 8 million people ...

Mark Hoban | 488 c298 (Link to this contribution) I will come back to the Minister’s 4.5 million, because his maths did not quite add up. I had a figu...

Mark Hoban | 488 c300 (Link to this contribution) My hon. Friend makes an interesting point. Apparently, these banks are managed on an arm’s length ba...

Mark Hoban | 488 c307-8 (Link to this contribution) It has been useful to debate the nature of the providers and the terms and conditions that we would ...

Speaker | 488 c289 (Link to this contribution) With this it will be convenient to discuss the following: Amendment 12, page 1, line 19, at end ins...

Charles Walker | 488 c300 (Link to this contribution) As most banks are now in receipt of public money, it would not be impossible for the Government to a...

Ian Pearson | 488 c298 (Link to this contribution) It was 4.5 million.

Stephen Ladyman | 488 c296-7 (Link to this contribution) I am grateful to my hon. Friend for those comments, and I am glad that I was able to get back into t...

Subjects

Bank services

Credit unions

Carers' benefits

Eligibility

Financial services

Financial institutions

Interest rates

Personal savings

Low incomes

Social security benefits

Saving gateway

Legislation

Saving Gateway Accounts Bill 2008-09

Link

View this Parliamentary proceeding on www.publications.parliament.uk