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Child Trust Funds

Volume 404: debated on Monday 28 April 2003

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To ask the Chancellor of the Exchequer whether children eligible for the child trust fund but born before accounts are set up will receive interest on the Government's payments into the fund during that interim period. [110231]

As stated in the Budget, the Government will publish its full proposals for the Child Trust Fund in summer 2003.

To ask the Chancellor of the Exchequer if he plans to take account of funds paid by the Exchequer into child trust funds in the future calculation of the savings ratio. [109426]

The information requested falls within the responsibility of the National Statistician. I have asked him to reply.

Letter from Len Cook to Mr. Graham Brady dated 28 April 2003:

As National Statistician, I have been asked to reply to your recent question on child trust funds.
The treatment of child trust funds in the national accounts has not yet been decided.