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Press Release Press Release Press Release Press  Release   

 

10 April 2003

 

 

‘BABY BOND’ HAILED AS ‘CASH CUSHION’ BY THE CPHVA'

 

The new Child Trust Fund, announced in the Budget, has been hailed as "a significant cash cushion for new born children" by the Community Practitioners’ and Health Visitors’ Association.

The CPHVA viewed the Budget as "a consolidation of the family friendly policies" that the government has actively pursued since it came to power in 1997.

The Child Trust Fund – dubbed the Baby Bond – will see every child born since September 2002 being given at least £250 by the government. For more disadvantaged children, this sum will rise to £500. Family and friends will also be able to contribute to the fund.

The CPHVA’s director, Mark Jones said: ‘The Baby Bond will benefit the 700,000 children born each year in the UK. It is a radical scheme, which will help build up assets for each child by the time they reach 18, whatever their background.’

‘This initiative is to be welcomed, although it would be helpful to have more precise projections as to how much
will accrue to the fund by the time the child reaches 18, and also how the teenagers of tomorrow will be able to use the cash.’

Mark Jones said: ‘The Chancellor reiterated his strong commitment to the NHS yesterday, but it was really last year that Gordon Brown made his seminal announcement when he pledged that spending on the NHS would rise 7.4% in real terms for the next five years. He also then introduced the new child tax credit for families.’

‘The positive approach to the NHS has been a very important plank of this government’s long-term strategy for public services. Because of the global economic slow-down and the war in Iraq, the Chancellor didn’t have as much room to maneourve this year as he would perhaps have liked.’

Last year, the CPHVA described Gordon Brown’s 2002 Budget boost to the NHS as "a springboard for a dramatic improvement in the nation’s health".

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NOTE TO NEWS EDITORS

Shaun Noble Communications Officer ( (020) 7939 7043

mobile ( 07768 69 39 40

CPHVA press releases can be seen on the CPHVA website: amicus-cphva.org

The CPHVA - the UK’s third largest nursing union - represents health visitors, school nurses, practice nurses, district nurses and nursery nurses working in the community in England, Wales, Scotland and Northern Ireland. The CPHVA is a professional section of the Amicus trade union

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