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Opinion: Debate - Could the Child Trust Fund lead to a rise in inequality?

1 min read
The Government's Child Trust Fund will provide an endowment of 250 to all children born after 1 September 2002, but some campaigners are worried that disadvantaged young people will lose out compared to their wealthier peers.

YES: Eddie Follan, policy manager, Children in Scotland

There is certainly a danger that Child Trust Funds will be disproportionately used by more affluent, better educated, middle-class households, while lower-income households will struggle to maximise its potential.

The final value of a Child Trust Fund does not depend on the size of the Government's endowments, but on the level of any additional contributions made by family and friends.

It all comes down to money. Those who have it are likely to benefit more than those families on low incomes.

NO: David White, chief executive, Children's Mutual

Currently children from well-off families have financial and other resources made available to them at the age of 18.

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