Child Trust Funds

Treasury written question – answered on 16th January 2007.

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Photo of Vincent Cable Vincent Cable Shadow Chancellor of the Exchequer, Liberal Democrat Spokesperson (Treasury)

To ask the Chancellor of the Exchequer if he will estimate the cost in pence of each pound paid out from (a) the Child Trust Fund and (b) child benefit; and if he will make a statement.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

The figures published in Annex C of the HM Revenue and Customs Annual Report show the cost in pence of each pound of child benefit and Child Trust Fund. These figures are produced by commissioning analysis of costs across the Department, under the tax and benefit categories that have been reported in the Annex. It is not possible to analyse any of these costs further without commissioning additional work across the Department. As a result a detailed answer to this question can be provided only at disproportionate cost.

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