A question on #PersonalSavings tabled by Lord Taylor of Warwick on 19-05-2025 has been answered by Lord Livermore.

Heading: Personal Savings
Question ID: 1804013
UIN: HL7618
House: Lords
Date tabled: 2025-05-19
Asking Member ID: 1796
Asking Member display name: Lord Taylor of Warwick
Asking Member handle: Lord_ofWarwick
Asking Member Twitter reference: @Lord_ofWarwick
Member interest: false
Question text: To ask His Majesty's Government what assessment they have made of the finding by the Financial Conduct Authority that one in ten people have no savings, and what assessment they have made of the implications for national financial security.
Is named day: false
Date of holding answer:
Date answered: 2025-06-02
Date answer corrected:
Is holding answer: false
Is correcting answer: false
Answering Member ID: 4559
Answering Member display name: Lord Livermore
Answering Member handle:
Answering Member Twitter reference: Lord Livermore
Correcting Member ID:
Correcting Member display name:
Correcting Member handle:
Correcting Member Twitter reference:
Answer text: The Government is committed to supporting people of all income levels and at all stages of life to save. We know that financially resilient households are better placed to weather income shocks and manage variable incomes. At the Budget in October last ye...
Original answer text:
Comparable answer text:
Answering body ID: 14
Answering body name: Treasury
Tweeted: true