Child Trust Fund

Treasury written question – answered at on 23 February 2009.

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Photo of Alan Milburn Alan Milburn Labour, Darlington

To ask the Chancellor of the exchequer what average payment has been made by parents into Child Trust Fund accounts in (a) Darlington Constituency, (b) County Durham, (c) the North East and (d) England in each year since the scheme's inception.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary (Economic and Business), Department for Business, Enterprise & Regulatory Reform, Economic Secretary (Economic and Business), HM Treasury

The Detailed Distributional Analysis, including details of contributions made by parents and others was published on 6 November 2008. These data are only available at Government office region level and can be viewed on the HM Revenue and Customs' website at:

http://www.hmrc.gov.uk/stats/child_trust_funds/dda-oct08.pdf

Constituency level data, including the number of vouchers issued and parental account opening figures, on child trust fund accounts were published on 6 November 2008 and can be viewed on the HM Revenue and Customs' website at:

http://www.hmrc.gov.uk/ctf/cons-stats-oct08.pdf

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Chancellor of the Exchequer

The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.

The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.

The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.

constituency

In a general election, each Constituency chooses an MP to represent them. MPs have a responsibility to represnt the views of the Constituency in the House of Commons. There are 650 Constituencies, and thus 650 MPs. A citizen of a Constituency is known as a Constituent

Constituency

In a general election, each Constituency chooses an MP to represent them. MPs have a responsibility to represnt the views of the Constituency in the House of Commons. There are 650 Constituencies, and thus 650 MPs. A citizen of a Constituency is known as a Constituent