Child Trust Funds (Hansard, 2 November 2001)

§ Mr. Flight

To ask the Chancellor of the Exchequer (1) in the first year that child trust funds are available, if he will state his target for(a) the total number of people who will take advantage of a saving gateway scheme and (b) the total number of people who will take advantage of a saving gateway scheme with (i) no previous savings and (ii) a level of savings consistent with the lowest decile of average per head saving levels; [11897]

(2) what assessment he has made of the calculation of the likely cost effectiveness of the child trust fund and saving gateway proposals; [11925]

(3) what his target is for (a) the number of families which take advantage of a child trust fund and (b) the total number of families which take advantage of a child trust fund with (i) no previous savings and (ii) a level of savings consistent with the lowest decile of average per family saving levels, in the first year that child trust funds are available; [11892]

(4) what his target is for the average percentage of the maximum available savings limit which he expects to be used up by people taking advantage of a saving gateway scheme in the first year of the scheme's availability; [11900]

(5) if he will make a statement on the intended interaction of the saving gateway, stakeholder pension and the pension credit; [11895]

(6) in the first three years of each scheme's operation, how many new savers he expects to be created by (a) the child trust fund and (b) the saving gateway; [11899]

(7) what assessment he has made of the effect which the saving gateway will have on individuals intending to save into a stakeholder pension scheme; [11898]

(8) if he plans to allow equity investments to be held in the saving gateway and child trust fund schemes; [11890]

(9) if he has calculated the likely deadweight costs to the Exchequer in the first year of operation associated with the (a) savings gateway and (b) child trust fund. [11891]