While the Treasury Committee has criticised the Lifetime ISA (LISA) as poor value for money, helping young people get on the housing ladder remains a worthwhile goal, says Oliver Dean

The Treasury Committee has raised valid concerns about the Lifetime ISA’s (LISA) value for money, concluding that in its current form the scheme is not worth the £600m the Treasury puts toward it each year. Some have viewed this as an early warning that the government could indeed scrap the LISA scheme in an effort to balance the books. But doing so would be a grave misstep. The government must recognise the boost LISAs give to young people, and reform the scheme accordingly.

LISAs were introduced in 2017 with one main objective – to help people save for their first home amidst rapidly rising house prices. This wouldn’t be achieved through complex tax codes or........

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