Clause 8 - Initial contribution by Inland Revenue
Child Trust Funds Bill
2:45 pm
Mr Andrew Robathan (Blaby, Conservative)
This is not a debate on top-up fees. This is a debate on the value and the purpose of the fund. The hon. Member for Lancaster and Wyre (Mr. Dawson) says that he does not understand the logic. The logic is simple. If in 18 years' time a young person born today goes to Oxford, which I believe the Minister attended, as did I—and other members of the Committee went to Oxford or Cambridge—facing fees for three years of £30,000, what value does the Minister think that that young person will place on a fund that might be worth £700? All she has come up with so far is one piece of research that says that it is going to be marvellous. I think that most people will do the addition themselves.