Child Trust Funds Bill
Public Bill Committees, 20 January 2004

Mr George Osborne (Tatton, Conservative)
On a point of order, Mr. Benton. I am sorry to detain the Committee, but I seek your advice on an article in the Saturday edition of the Financial Times. It contained details of regulations that will be made under the Bill, although the Minister has repeatedly told us that they have not been determined and that they will be published shortly. In particular, the article revealed that the Treasury is expected to settle on £10 as the minimum contribution to a child trust fund. We have debated that issue repeatedly in Committee, and I was surprised to read about it in the Financial Times. Have you had any indication from the Government that they are ready to publish the regulations, as they have promised to do during proceedings on the Bill? If not, do you not agree that it is unfortunate that the details should appear in a national newspaper before they are presented to Parliament?

Mr Joe Benton (Bootle, Labour)
I have had no such indication. The comments in the newspaper are not a matter for me, but the Minister might like to make an observation.

Ms Ruth Kelly (Financial Secretary, HM Treasury; Bolton West, Labour)
I should like to make an observation. I can confirm to the Committee that I have not yet taken the relevant decision, and I have absolutely no idea how anyone came to that conclusion.Clause 13 Relief from income tax and capital gains tax
