Member

The economy runs on incentives, but in this Bill the Government are disincentivising individuals to save in pensions and investments. Not every provision in the Bill is wrong, and there are plenty to be welcomed, but on so many fronts it misses the target. I congratulate my noble friend on attempting to establish a purpose clause to give clarity, coherence and, yes, confidence to a population that is sceptical that doing the right thing is for them.