Saving money in the good times gives security against the bad times. It also helps to generate a pool of capital that can be drawn on when expensive things, like the university education of a child, need to be paid for. A high savings rate should also keep financial demands on the state down, as the more financially independent the population is the smaller the number of people likely to need emergency help. Since Labour entered government in 1997 it has developed several schemes for encouraging an increase in the rate of saving. But because much of it has been insufficiently co-ordinated it is now time to develop a holistic approach that makes saving consistently attractive.