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Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Wednesday, 2 June 2010. It occurred during Queen's speech debate on Education and Health.


Education and Health

The Education Secretary is right about the level of debt that the Labour party left behind: £1 trillion of national debt is a huge amount. However, to use that as a justification for doing away with the child trust fund is wrong. The child trust fund is the only savings product I can think of with a 71% voluntary take-up rate and, given that savings ratios in this country were so low for so long and that the fund goes directly to help children when they leave school, it is a false economy to butcher the scheme, notwithstanding the chaos and mayhem that the Labour party left the economy in.


Secondary information

Type
Proceeding contribution
Reference
510 c460 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Disability Curriculum Closures Hospitals Health services Finance Education General Teaching Council NHS Public expenditure Pupils Waiting lists Standards Schools Teaching methods Department for Education Building schools for the future programme Qualifications and Curriculum Development Agency British Educational Communications and Technology Agency Pupil premium
Link
View this Proceeding contribution on www.publications.parliament.uk