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Thought for the Week: Government must open, monitor and then deliver savings accounts to break the cycle of deprivation
The wish to tackle inter-generational rebalancing — to break the cycle of deprivation — leads directly to establishing long-term savings accounts for disadvantaged young people: that's why the Child Trust Fund included an HMRC-allocated category for those children (mainly low-income) whose families didn't open accounts. However Government needs to not only open these accounts but also monitor and take steps to deliver them in order to ensure that these young adults actually receive the resources they need in order tob achieve their potential in adult life. A parliamentary event is taking…
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