Every child to get 1,000 pot to invest in plan to revive 'stagnant' economy

Logo Daily MailDaily Mail
2023-09-06 21:26:36  • 2 mins

Every child could receive a pot of 1,000 at birth to be channelled into long-term investments in UK growth under proposals to revive a stagnant economy.

The idea of a New Generation Trust is raised as part of a package of reforms that could add 225billion to the economy, according to a report by the City of London Corporation.

It revives memories of the child trust fund scheme launched by Gordon Brown two decades ago, later scrapped by George Osborne.

The report suggests: The investments would be inaccessible until adulthood, when they would be automatically invested in an individual savings account (ISA) or DC [defined contribution] pension.

Continue read on dailymail.co.uk

Theres a lot more wrong with UK public investment than HS2. I see that as a governor of a small primary school relying on parents to support new playground...
Logo The GuardianThe Guardian
2023-10-01 09:03:39  • 1 min
Money is like muck, wrote Francis Bacon in 1625. Not good except it be spread. No one accuses the father of the scientific method and British empiricism of...
Logo The GuardianThe Guardian
2023-10-01 05:32:34  • 2 mins
Thousands of Britons living abroad who followed 'misleading' Government advice face losing a huge chunk of their pension, financial consultants have warned...
Logo Daily MailDaily Mail
2023-09-30 20:50:10  • 1 min
Culture secretary Lucy Fraser has become the second cabinet minister to take a 100 bet that the Conservatives will win the next election - but stopped short...
Logo The IndependentThe Independent
2023-10-01 13:07:15  • 1 min
goes with: https://composer.gutools.co.uk/content/651991a98f080714cd55ebee As the politician most closely associated with the 350m a week for the NHS Brexit...
Logo The GuardianThe Guardian
2023-10-01 18:28:48  • 1 min
Seven "overlooked" Scottish towns will each be given 20m to regenerate high streets and tackle anti-social behaviour, Rishi Sunak has announced. The prime...
2023-10-01 10:55:43  • 1 min
Over short periods, Wall Street is completely unpredictable. Since the start of 2020, we've witnessed the major indexes bounce back and forth between bear...
Logo NasdaqNasdaq
2023-10-01 09:06:00  • 1 min
Why has Labour change position on private schools? Why has Labour change position on private schools?Close Earlier this week, Labour dropped its plans to end...
2023-10-01 09:38:35  • 1 min
With childcare funding about to expire, a government shutdown looming, and remote work waning, working mothers will be hit the hardest.
Logo FortuneFortune
2023-09-29 19:30:48  • 1 min
Fall 2023, it seems, is peppered with financial landmines. Just a week ago, we mentioned that student-loan borrowers would be restarting repayments come Oct....
Logo NasdaqNasdaq
2023-09-30 12:00:00  • 1 min
Tax grab: Shadow Chancellor Rachel Reeves A tax-raising Labour government could find the nest egg it needs for a bigger state by slapping VAT on goods and...
Logo Daily MailDaily Mail
2023-09-30 20:50:07  • 2 mins
Financial guru Jaspreet Singh let his sillier side show on a new episode of Minority Mindset, Where Is the Recession? First, he brought out a stuffed toy,...
Logo NasdaqNasdaq
2023-10-01 12:00:14  • 2 mins
Wishful thinking: Chancellor Jeremy Hunt Resilience is becoming an overused word when it comes to the UK economy. Yet in spite of a rising tax burden and 14...
Logo Daily MailDaily Mail
2023-09-29 20:50:06  • 1 min
By Douglas Fraser Business and economy editor, Scotland It is reckoned that most of us run close to the edge with money at some point in our lives. The...
2023-10-01 11:49:21  • 1 min
There is nothing like money—and lots of it—to tear families apart. Proving this point yet again is a recent case involving a low-key but nevertheless loaded...
Logo Inquirer.netInquirer.net
2023-10-01 18:08:00  • 1 min
More than 80 percent of licensed child care providers in the United States received the grants, which they used to pay bills and raise wages for staff. As...
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. In 2010,...
Logo NasdaqNasdaq
2023-10-01 09:58:00  • 1 min
New post- Brexit border checks set to come into force in 2024 will cost UK companies at least 330m a year, Rishi Sunak s government has admitted. Additional...
Logo The IndependentThe Independent
2023-10-01 15:45:29  • 1 min
Lunch with Rishi Sunak and the chance to hobnob with senior ministers? That will set you back 3,300 a person at the Conservatives conference business day...
Logo The GuardianThe Guardian
2023-10-01 18:50:55  • 2 mins
Almost nine in 10 voters who intend to switch their support from Conservative to Labour candidates in the next general election believe that green growth is...
Logo The GuardianThe Guardian
2023-10-01 10:50:49  • 1 min