✓ Passed into LawLords
UK Parliament · Bill
Savings (Government Contributions) Act 2017
Summary
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.
A vote to support means
- —Supporting this Act means backing government help for people saving money. It encourages British citizens to save for the future by offering government contributions to savings accounts, which means free money added to your savings if you meet certain conditions.
A vote to oppose means
- —Critics might worry that the scheme only helps certain groups of people and doesn't reach those who can't afford to save in the first place. Others could question whether it's fair to use taxpayers' money this way when public services like the NHS need funding.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Parliament's Vote507 MPs
45% Ayes · 23055% Noes · 277
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
Full Bill Description(click to expand)
No description available