§ Mr. FlightTo ask the Chancellor of the Exchequer what plans he has to undertake a review of the operation of individual learning accounts to ensure that the introduction of the child trust fund or saving gateway does not give rise to fraud. [R] [11889]
§ Ruth KellyThe Government launched consultation on further proposals to encourage saving and asset-building, especially among households with low incomes, in "Saving and Assets for All" published by HM Treasury in April 2001. The consultation is focused on proposals for the child trust fund and the saving gateway. The Government intend to report back on the results from the consultation and on their further intentions for these initiatives around the time of the pre-Budget report in autumn 2001. The Government will continue to develop these proposals, including through consultation with interested parties such as financial services providers, to ensure that concerns, including the possibility of fraud, are properly addressed.