Cameron launches ‘Help to Save’

David Cameron
David Cameron
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FAMILIES ON low incomes will be given up to £1,200 as part of a new scheme to encourage saving, the Prime Minister announced today.

David Cameron launched a new ‘Help to Save’ scheme which will encourage families to put aside up to £50 a month over four years.

Taxpayers will add a 50 per cent bonus every two years to create a savings pot of up to £3,600.

Mr Cameron said: “I’ve made it the mission of this government to transform life chances across the country.

“That means giving hard-working people the extra support they need to fulfil their potential.”

The Prime Minister will also announce the Government is to spend £12 million over the next four years to support more mentoring for teenagers.

The promises build on policy ideas first floated in a speech in January.