Clause 3 - Requirements to be satisfied
Child Trust Funds Bill
2:30 pm
Mr George Osborne (Tatton, Conservative)
The hon. Gentleman is focusing only on the setting-up of the account. What I am talking about, and what I am sure he wants to see, is parents and other relatives making regular contributions to child trust funds so that they build up during a child's life. I do not think that anyone on the Committee wants there to be millions of accounts worth £900 to the holder at the age of 18 because no one has put any money into them. If such contributions are to happen, financial providers will have to send that glossy literature that the hon. Gentleman talked about.