CTF figures criticised, lauded

The figures themselves suggest a continued trend of fewer accounts being opened by parents as a proportion of all government vouchers issued, while the number of accounts being opened on children’s behalf by HMRC has increased. From a high of 76% for vouchers issued in the second quarter of 2005, only some 42% of vouchers issued in the July-September 2006 period have yet been cashed in by parents opening accounts for their eligible children. Figures for the last quarter of 2006 will be published by March this year. So far the government has issued some 2.7 million vouchers with a mini...