Personal Savings In The United Kingdom

EDM number 1105 in 2008-09, proposed by Gregory Campbell on 17/03/2009.
Categorised under the topics of Financial services and Economic policy.

That this House notes that the long-term financial future of the United Kingdom will be much more secure as personal savings increase; calls on the Government and financial institutions to review their commitment to this long-term goal; condemns reports of some banks which are paying as little as 0.1 per cent. interest on individual savings accounts, meaning that an individual putting aside £3,000 would receive the pitiful sum of £3 per year in interest; and further calls on the Chancellor to produce an imaginitive proposal in the Budget to promote tax efficient personal savings.

This motion has been signed by a total of 30 MPs, 1 of these signatures have been withdrawn.