HC Deb 31 October 2002 vol 391 cc995-6W
Mr. Love

To ask the Chancellor of the Exchequer what consultation has taken place regarding the introduction of a(a) baby bond and (b) savings gateway; and if he will make a statement. [78092]

Ruth Kelly

Proposals for the Child Trust Fund and Saving Gateway were launched in April 2001 in the consultation document entitled "Saving and Assets for All". A follow up consultation document entitled "Delivering Saving and Assets" was published in November 2001. "Delivering Saving and Assets" reported back on the responses received in the first round of consultation, announced proposals to launch pilots for the Saving Gateway and raised more detailed questions on the delivery model for the Child Trust Fund.

The "Delivering Saving and Assets" consultation ended on 28 February 2002. Pilots for the Saving Gateway were launched in August 2002. A statement on the development of the Child Trust Fund and Saving Gateway proposals will be included in the pre-Budget report.