Shadow Chancellor Oliver Letwin has unveiled more plans concerning the financial market.
He has already put forward proposals to abolish capital gains and inheritance taxes. Now, other plans would give tax breaks to companies that offer access to financial advice for their staff.
Mr Letwin's proposals would see a lifetime savings account being introduced, where the Government would match individual contributions. He also wants to increase annual tax-free limits for ISA's and make them more flexible.
The Shadow Chancellor has said: "A strong savings culture is essential to give people security for the future and independence from the state. The decline in our savings ratio has been combined with a strong increase in debt".
Our view
Great idea but who will pay? This could be a very expensive suggestion that perhaps has not been costed properly.