CTF reactions suggest political battle

The Tory Party has not even used the words Child Trust Fund in its spoiler press release out on the same day as chancellor Gordon Brown officially launched the product at his own press conference deep in the bowels of the Treasury. ”Under Labour, the amount of money people save has a fallen by nearly half. Gordon Brown's £5 billion a year raid on pension funds and the spread of means-testing have badly damaged confidence in savings,” the Tories thunder. The alternatives to the status quo required to boost savings, according to shadow chancellor Oliver Letwin’s team are: introduce...