Local spokesman tells Chancellor "I want to see every new baby with a trust fund"

Local parliamentary spokesman Jamie Bolden met with Labour Chancellor Gordon
Brown to discuss the importance of the Child Trust Fund which benefits
thousands of families in Broxbourne.

Broxbourne Labour's Jamie Bolden said:

"From this week, 1,438 parents in Broxbourne will receive a voucher for at
least £250 from the Labour government to open a Child Trust Fund for their
child, for example in their local bank or building society. The vouchers
will be sent out to parents of children born on or after 1 September 2002.

"Once the account is opened, families will be able to make additional
payments into their child's account year after year. When their child is
seven, the government will add another payment to the growing account. All
money in the account will be tax free.

"I want to make sure that every new parent knows about the Child Trust Fund
and gets the help they need to decide how best to invest this money for
their children. I'll be launching an information campaign to make sure no
one in Broxbourne misses out."

Gordon Brown said:

"The Child Trust Fund will make a real difference to families in Broxbourne.

"Labour created the Child Trust Fund because we believe every child should
have the best possible start in life.

"The Child Trust Fund will benefit every new born child, with more to those
who need help the most. With the Child Trust Fund, when children are 18 they
will have savings with interest built up over two decades. These savings
will make a real difference to thousands of young people in Broxbourne.

"I know that Jamie Bolden is working hard to build a better future for
children in Broxbourne. Together we will be working on an agenda for parents
and children that makes work pay, provides quality childcare and gives
children a stake in the future of the country."

Report filed 12/04/2005

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