There is no reason why a junior ISA should be any less effective for the corporate parents. The issue is that running the computer systems for the child trust fund costs £5 million a year. That cost would not affect local authorities but would mean central Government incurring an extra £5 million in administrative costs now to give children in care £2 million in 18 years' time.
Savings Accounts and Health in Pregnancy Grant Bill
Proceeding contribution from
John Hemming
(Liberal Democrat)
in the House of Commons on Monday, 22 November 2010.
It occurred during Debate on bills on Savings Accounts and Health in Pregnancy Grant Bill.
Type
Proceeding contribution
Reference
519 c66 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 13:44:57 +0000
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