To ask the Chancellor of the Exchequer, further to his answer to the hon. Member for Gloucester, 13 November, Official Report, column 526, if he will review the operation of the TESSA regulations in the light of evidence that some banks and building societies presently refuse to accept TESSAs transferred from other issuers.

The TESSA rules are kept under regular review. The number of institutions unwilling so far to accept inward transfers amounts to a very small minority out of a total of 150 providers—and, of those, one has already changed its mind.