Monday, 24 May 2010

LibDems push Tories to the right on abolishing child trust fund

The Sun reports that the Coalition will today announce plans to abolish Child Trust Funds completely as part of their initial package of public spending cuts, adopting Liberal Democrat policy and so sacrificing the Tory manifesto pledge to protect them for families with incomes of less than £19,000.

Before the election the Tories had promised to restrict CTFs to the poorest families. The Lib Dems, who had called for the scheme to be axed completely, have now got their way.

1 comment:

Old Politics said...

Bless those who voted Lib Dem because "Labour has moved too far to the right" and "to keep the Tories out", eh? At least they're getting the frontiers of the state rolled back.