§ Mr. Nicholas Baker
To ask the Chancellor of the Exchequer if he will bring forward proposals to encourage greater use of personal equity plans.
§ Mr. Norman Lamont
The Government are committed to encouraging as many people as possible to take out a personal equity plan. I would refer my hon. Friend to the answer I gave on 26 October 1987 at column 34, to my hon. Friend the Member for Crawley (Mr. Soames), in which I announced a number of simplifications of the scheme which will come into effect next January.