1. Poverty is not just about income. There is also a vast difference between the assets of the poor and the rich. In practice, this means that the haves in society can give their children a crucial helping hand as they move to independence - a deposit for a flat, furniture for setting up home, a chance to travel, a first car. The have-nots don't. Without a bit of capital, achievements in early life through education or hard work can disappear. Disadvantage is perpetuated.
2. The Child Trust Fund aims to make sure that all children have a lump sum when they reach adulthood. The Government is giving everyone 250 at birth. Their parents must invest it, and are encouraged to add to it throughout the child's life. The Government could add further top-ups too, perhaps targeting the less wealthy. When young people reach the age of 16 they operate the account themselves. At 18 they can take the money. It is tax free and there are no restrictions on what it is spent on.
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