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Proceeding contribution from John Hemming (Liberal Democrat) in the House of Commons on Monday, 22 November 2010. It occurred during Debate on bill on Savings Accounts and Health in Pregnancy Grant Bill.


Savings Accounts and Health in Pregnancy Grant Bill

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.


Secondary information

Type
Proceeding contribution
Reference
519 c66 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Disability Children Children in care Child trust fund Eligibility Grants Individual savings accounts Pilot schemes Personal savings Low incomes Northern Ireland Poverty Pregnancy Scotland Wales Saving gateway
Legislation
Savings Accounts and Health in Pregnancy Grant Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk