Little Treasures ; (1) They Cost More Than the Average House to Bring Up. But Few Parents Even Gordon Brown, According to Some Do Enough to Secure the Future of Britains Babies. So Here, in a Special Four-Page Pullout, Is Our Guide for Families, . . . Including the Chancellors (2) Financialmail Investing for Children Four-Page Pullout Special Report

Mail on Sunday › February 23, 2004

Linked as:

Summary

Chancellor and new father Gordon Brown reckons he has come up with the perfect way to give Britain's babies a stronger financial start in life.

At least Pounds 250 of Government money will be put aside in the Child Trust Fund for every newborn baby. Low-income families will be given Pounds 500 and every household can then pay in up to Pounds 1,200 extra each year to provide an even bigger tax-free nest-egg for their children at 18.

See the full content of this document

Extract

Little Treasures ; (1) They Cost More Than the Average House to Bring Up. But Few Parents Even Gordon Brown, According to Some Do Enough to Secure the Future of Britains Babies. So Here, in a Special Four-Page Pullout, Is Our Guide for Families, . . . Including the Chancellors (2) Financialmail Investing for Children Four-Page Pullout Special Report

It sounds like great news. But will it work?

Critics point out potential problems. The first is that while the money is being put aside for every baby born since September 1, 2002 which happily in...

See the full content of this document