Oral Answers to Questions

Debate between Diane Abbott and Emma Reynolds

Tuesday 8th April 2025 Commons Chamber

[Emma Reynolds]

I work closely with the mutuals and other financial services firms, and I think the hon. Member is slightly jumping the gun, if he does not mind my saying so. We are considering options to reform ISAs, but we need to get the balance right between cash and equities. We know that many people have investments in cash ISAs who could think about investing in our capital markets, which would be a win for them through higher returns, and also for the economy. However, we absolutely understand the role that cash savings play in people having money for a rainy day.

[Ms Diane Abbott (Hackney North and Stoke Newington) (Lab)]

13. What steps she is taking with Cabinet colleagues to support people on the lowest incomes following the spring statement 2025.