Rare it is that a government actually does give away something for nothing, and so has been proven in the case of Child Trust Funds.
A product from which few distributors will make profits and involving money nobody can touch for the best part of two decades – any bets it will be in euros by then? – is accompanied by a statement which says the CTF pot can be used to fund further education as an alternative to shopping for a round-the-world ticket. Assuming consumers have not been priced off airlines by new carbon emissions trading pricing mechanisms by then, it is fairly clear the average 18-year-old would prefer to spend the money on whatever they like rather than whatever the government would like to see it spent on...
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