Savings Accounts and Health in Pregnancy Grant Bill

Part of Parliament (Amendment) – in the House of Commons at 6:03 pm on 26th October 2010.

Alert me about debates like this

Photo of Owen Smith Owen Smith Shadow Minister (Wales) 6:03 pm, 26th October 2010

Does my right hon. Friend agree that another example of the fundamental difference between what we would have done in office-indeed, what we did do in office-and what this Government are doing today is the disgraceful sop we have heard from the Minister today replacing the child trust fund with a tax-free account, which as we all know will do absolutely nothing substantive to encourage saving among low-earning families, as the trust fund was doing? That is the real business we are debating today, and I, for one, think it is a mistake and a disgrace.