In his speech, the Chancellor gave the figures for the number of people who have taken out individual savings accounts. I have certainly heard people in the industry say that ISAs are another of the Government's success stories. Lady cannot be serious. I have not studied the Institute for Public Policy Research publication in detail, but it refers to the number of families who have no assets. It is right that the Government should take account of that end of the market as well, and encourage saving among people who have not done so previously.
Pensioners are a group who have been strongly encouraged to save.
The consultation in my constituency on pensioners tax credit was extremely successful. The only question from pensioners concerned why it would take so long to introduce the tax credit. Because many people in my constituency have had the good fortune to be in work for most of their adult lives, they have access to private or occupational savings schemes, and some derive their income from savings. They welcome the fact that their prudence and thrift will be rewarded by 60p in every pound of their savings above the level of the state pension. People might say that that applies to all pensioners, which is right, but women tend to live longer than men, and any measure that helps pensioners will particularly help women.