Help to Save Scheme

Lord Bishop of St Albans Excerpts

Thursday 17th March 2016 Lords Chamber

[Lord Ashton of Hyde]

I did not hear the “Today” programme. The reason this is not in my brief is that the noble Lord’s question has nothing to do with the Question on the Order Paper.

[The Lord Bishop of St Albans]

My Lords, will the Minister affirm the importance, in addition to the Help to Save scheme, of the increasing number of credit unions which routinely go into schools to try and create a culture of saving from the very earliest age, to address the endemic problem of a presupposition of debt?

[Lord Ashton of Hyde]

I agree with the right reverend Prelate. As I said, we want to increase saving, and we have taken measures to support credit unions.