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.”