What do you think of Labour's new plans for child trust funds? This is where they give each new-born a bond to invest in a trust fund, adding extra amounts on various birthdays and allowing parents to contribute so that the average child ends up with £7000 at 18. They apparently will only be able to spend it on worthwhile things like education, housing etc.
I can see the argument that having an asset makes people more likely to be responsible citizens, but Lord knows how much it's going to cost to administer. Surely this money would be better spent on the state education system, which is almost unusable in parts of the country? Is this just a pre-election gimmick? Would it make you more likely to vote Labour?
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Child Trust Fund Scheme
16 replies
Robbie · 26/04/2001 10:18
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