Asked by: Ruth Cadbury (Labour - Brentford and Isleworth)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 24 March 2026 to Question 121139, when does her Department plan to publish its consultation on introducing a new ISA product for first time buyers.
Answered by Rachel Blake
The Government recognises that the LISA is not working for everyone. That is why we intend to shortly publish a consultation setting out further information about the design and implementation of a new simpler first time buyer ISA product. Once available this will be offered in place of the Lifetime ISA.