UK Parliament · Public Bill · No. 1888
Savings (Government Contributions) Act 2017
[As Introduced]
A
BILL
to
This Act allows the government to top up money in people's savings accounts as an incentive to encourage saving. If you save a certain amount, the government adds extra cash to reward you, similar to a bonus for managing your money responsibly.
Presented by Mr Philip Hammond
supported by Lord Young of Cookham.
supported by Lord Young of Cookham.
✓ Passed into lawPublicLords
Official Ballot · The People's Chamber
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Mark one box with a cross.
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The people's count15 votes
100% Aye · 150% No · 0
MPs' vote507 MPs
45% Ayes · 23055% Noes · 277
The democratic gap
55% , a wide gap
Outcome mismatch, the public would pass this bill, but Parliament rejected it.
Bill passage
Commons
- 1st reading6 Sept 2016
- 2nd reading17 Oct 2016
- Committee stage25 Oct 2016
- Report stage12 Dec 2016
- 3rd reading12 Dec 2016
Lords
- 1st reading13 Dec 2016
- 2nd reading12 Jan 2017
- Report stage12 Jan 2017
- 3rd reading12 Jan 2017
Royal Assent16 Jan 2017