LONG-TERM GOVERNMENT-BACKED SAVINGS

That this House notes the withdrawal by National Savings and Investments of inflation-linked saving certificates; and expresses the hope that the Government will use the opportunity for innovative proposals at effecting worthwhile objectives such as helping people re-adopt the habit of saving with a Government-backed savings product that will guarantee an inflation plus return, with participation in the scheme for long-term and retirement purposes being a requirement and thus helping the UK in the short-term with cash investments while assisting individuals to save for the longer term.