The Children's Mutual defends the right to a CTF for every
child
In response to today's publication of the
Coalition's Programme for Government, The Children's Mutual calls
for the Child Trust Fund to remain universal.
David White, Chief Executive of The
Children's Mutual says:
"The Coalition Government has today begun
to spell out its proposals including reducing spending on the Child
Trust Fund. We will be pressing to ensure that any savings on the
CTF do not affect its universal availability.
"Apart from providing access to a savings
tool for all children regardless of their economic background at
birth, universality impacts public perception of and engagement
with the CTF and gives the funds an additional educational value as
children grow up.
"The Child Trust Fund has already helped the
parents of over 5 million children to start saving for their
futures and the initiative is widely seen as the one of the most
successful government-backed savings schemes ever. We hope any
changes to the CTF will help the government to tackle the current
deficit challenges while still supporting all of Britain's
children, to build a fund for their future."