Guardian, Feb 15th 2001, p.2
The government is proposing that every child be given assets worth up to £1000 at birth from public funds. The assets could be realised at 18 either to buy a property, fund further training or help set up a business. For poorer children, any extra savings injected by their parents would be matched by the state.
Daily Telegraph, Feb 6th 2001, p.4 + 27
Predicts that in his next budget the Chancellor of the Exchequer will accerlate the pace of tax redistribution in favour of the poor, in particular those with children.
(See also Guardian, Feb 6th 2001, p.8).
Financial Times, Feb 12th 2001, p.21
Argues that the Labour Party remains committed to income redistribution through the tax and benefits systems in favour of people on low and middle incomes. Conservative plans to abolish tax on savings for all but the highest earners would, in contrast, benefit people in the middle and top income brackets.
Independent, Feb 12th 2001, p.2
The Conservatives have promised to raise the special personal tax allowance for the over-75s by £2000 a year so that pensioners can "keep more of their hard earned money". The plan is intended to roll back the expansion of means-testing introduced by the present Labour government.
(See also Daily Telegraph, Feb 12th 2001, p.2 and Feb 13th 2001, p.6; Financial Times, Feb 13th 2001, p.6).
Independent, Feb 9th 2001, p.4
William Hague has promised that a Tory government would retain the Working Families Tax Credit but would pay the money directly to the caring parent. They would also scale back payments to better-off families, saving £100m a year.
Times, Jan 25th 2001, p.14
The Conservative Party has called for the merger of existing agencies to form a single benefit fraud squad that would help to save £2bn by combating organised gangs.