Speeches by Blake.

“Ms Crosbie, you have given some really interesting evidence about ISAs. Earlier this week, the Chancellor confirmed that she would not be reducing the amount that people can invest into cash ISAs.”

“Very briefly, what are the headlines?”

“Ms Allen, you talked about not being part of the financial inclusion taskforce.”

“I am a Nationwide customer and a Labour/Co-op Member of Parliament. Ms Crosbie, you referenced a SI that you need to be laid in order to move forward. What exactly do you think needs to change, and why do you think there might be a delay? I am particularly interested in what you have to say about that.”

“Mr Haire, you were talking about some of the advice that you would like to be able to offer but feel that you cannot offer at the moment. What are you doing to try to get this advice to people?”

“On that, you don’t think that changing any limits would significantly change behaviour.”

“Ms Crosbie, why does Nationwide not provide a lifetime ISA product?”

“I am a Nationwide customer and a Labour/Co-op Member of Parliament. Ms Crosbie, you referenced a SI that you need to be laid in order to move forward. What exactly do you think needs to change, and why do you think there might be a delay? I am particularly interested in what you have to say about that.”

“Ms Allen, you talked about not being part of the financial inclusion taskforce.”

“Very briefly, what are the headlines?”

“Ms Crosbie, you have given some really interesting evidence about ISAs. Earlier this week, the Chancellor confirmed that she would not be reducing the amount that people can invest into cash ISAs.”

“Yes, into ISAs. Why do you think that statement was made?”

“We are getting into the advice and guidance boundary, which we have heard a bit about already. You want to see progress on moving forward with that review. Are there particular elements of it that you think really need to change?”

“The consumer?”

“So you are a big fan of cash ISAs, but you are concerned about leaving value on the table—and the Chancellor may be, too.”

“So why do you think the discussion around changing the levels has now landed with the Chancellor saying that, if there is a wider concern about value being left on the table?”

“Mr Thwaite, do you think that concluding on the advice guidance boundary review will be enough to change behaviour or, reflecting on what Mr Maru said, are there other things around culture and trust in order to change behaviour?”

“Mr Nunn, do you think it is just that it is an appealing consumer product, or is it of benefit to the banks to have cash ISAs with the limits in place?”

“We have had a discussion today about savings, and I want to draw your attention to the debate about ISAs that has been going on in the sector. Yesterday, the Chancellor said: “I’m not going to reduce the limit of what people can put into an ISA, but I do want people to get better returns on their savings, whether that’…”

“I understand how a prospectus could help in terms of signalling. We have heard from the panel today that the money will attract private investment, but exactly how can the National Wealth Fund attract private investment and additional money? Is the prospectus one example? That is not necessarily attracting private fina…”