Clause 27 - Commencement
Child Trust Funds Bill
11:00 am
Mr Joe Benton (Bootle, Labour)
With this it will be convenient to discuss the following: Amendment No. 147, in
clause 27, page 15, line 17, at end add—
'(4) No order may be made under subsection (3) until the report specified in section [report on savings effect of child trust funds] has been laid before Parliament.'.
New clause 5—Report on savings effect of child trust funds—
'The Treasury shall lay before each House of Parliament a report setting out the Treasury's estimate of the net increase in saving which will result from the provisions of this Act.'.
New clause 13—Annual report on effect of child trust funds on wealth distribution—
'The Treasury shall lay before each House of Parliament every year a report setting out the Treasury's assessment of the effects of the provisions of this Act on wealth distribution in society.'.