Child saving plans

Jan 8 2008

Cameron slammed by child poverty group

David Cameron, leader of the Conservative Party, has been criticised by the Child Poverty Action Group for his proposed reforms of the welfare system in the UK.

Mr Cameron's plans are claimed to be designed to discourage people who abuse the welfare system, but the Child Poverty Action Group maintains that his party's concepts would "threaten family security".

While many British parents are able to make investments for children through child saving accounts, the group suggests that the Conservatives latest welfare plans, if implemented, would risk leaving more young people in poverty.

"Cameron's plans will simply keep pushing people through the revolving door between poverty-pay jobs and benefits," read a statement from the group.

"Addressing poverty pay, inflexible hours, lack of childcare and lack of education and training opportunities will do far more to get claimants lasting work and protect children from poverty."

In September 2002, the government began opening a child trust fund on behalf of each newborn Briton, with the aim of encouraging more parents in the UK to start saving for their children's future.

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