Replace the Child Trust Fund

The Liberal Democrats today called for the Child Trust Fund to be scrapped, with the money instead being used to help children in the early years of their education.

The call comes on the day that the Government revealed that children will be required to study how their Child Trust Funds work.

The answer to a Parliamentary Question by the Liberal Democrats has highlighted how the fund will have no impact on inequality until 2020 at the earliest.

Commenting, Liberal Democrat Shadow Children, Schools and Families Secretary David Laws MP said:

"This answer shows that even the Government admits that the money poured into the Child Trust Fund won’t make the slightest difference to inequality for well over a decade.

"The Child Trust Fund should be scrapped and the money should be used where it would really make a difference - helping youngsters in the earliest years of their education."