Savings Accounts and Health in Pregnancy Grant Bill

Part of Parliament (Amendment) – in the House of Commons at 6:35 pm on 26th October 2010.

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Photo of Paul Maynard Paul Maynard Conservative, Blackpool North and Cleveleys 6:35 pm, 26th October 2010

Three quarters of those accounts opened since 2005 have failed to receive additional deposits; 99% have not received the maximum funding available; and only 71% of eligible children have a child trust fund. I am not trying to argue, as Opposition Members seem to think, that the fund is a failure; I am trying to argue a more subtle point, that this piece of legislation-this policy innovation-has not achieved its goal.