Child Trust Funds Face the Axe As Politicians Seek to Balance Books
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Summary
THE Child Trust Fund is about to celebrate its 50th anniversary, but it may be going out with a whimper.
It was one of the big giveaways of Gordon Brown's boom-time budgets, but there was no mention of it from the Chancellor this week. If Labour fails to hang on to power, the investment scheme aimed at encouraging families to save for their children's futures is likely be abolished or cut back.See the full content of this document
Extract
Child Trust Funds Face the Axe As Politicians Seek to Balance Books
The Conservatives have already announced they will axe Child Trust Funds for better-off families, saving the government pound(s)300m a year; while the Liberal Democrats favour the complete abolition...
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