Under plans issued by the Treasury last week, every child born after August 2002 will receive a 250 trust fund. Children from low-income families will get an extra 250.
A further unspecified amount will be added on the child's seventh birthday.
But Martin Barnes, director of the Child Poverty Action Group, said it would not be enough to help the poorest children. "Despite the higher initial payments for children from low incomes, the reality is that many families are too poor to contribute," he said. "More needs to be done to tackle income poverty and ensure that all families have sufficient money to meet today's needs and essentials."
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