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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 Sassoon Lord Sassoon Conservative 2:48 pm, 5th July 2010

My Lords, there are simply some measures that, in the present fiscal position, are unaffordable. The child trust fund, regrettably, falls into that category. However, to ensure that children at greatest risk are protected, we have introduced above-indexation rises in child tax credit. If noble Lords look at the new tables set out in the Budget document on pages 64 to 70, they will see that the effect is progressive across all income bands.