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"LibDem plan adds inequality " |
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 If the LibDems are so committed to challenging social inequality why are they talking about abolishing childtrust funds, asks Stuart White in a new online essay for the Fabians. It's just an easy way of trying to look tough on tax, says the essay. What do you think? We would like your comments.
The Child Trust Fund introduced what generations of Liberals
aspired to do: ensure that every citizen has some property of their
own, but by indicating that the Liberal Democrats want to scrap it,
Nick Clegg is going against the key part of his party's commitment to
social mobility.
Since the government introduced Child Trust Funds (CTF) in 2004 every child receives a grant at birth
which accumulates as they grow up, writes Stuart White. "The family can make additional contributions,
and there are further government payments at later ages. When the first generation
of fund-holders comes of age in 2020, every individual will have at least some
property to call their own. Labour continues to support the policy. So do the
Conservatives."
Read the full essay and make a comment here.
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