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Wealth — Question

Part of the debate – in the House of Lords at 2:48 pm on 5th July 2010.

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Photo of Lord Eatwell Lord Eatwell Labour 2:48 pm, 5th July 2010

My Lords, does the Minister agree that one of the most important political ideas of the past 50 years is that of a property-owning democracy? Conservative thinkers must get due credit for the development of that idea. Why, then, have the Government abolished child trust funds, the first measure in the history of this country to give every child a stake in the wealth of the nation?