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Assets for the people

The state subsidises the asset accumilation of the better off. Can "baby bonds" redress the balance?

By Julian Le Grand   December 2001

Assets for the people

The government is pressing ahead with a plan for a trust fund for every baby. The state already subsidises the asset accumulation of the better off, so why not extend asset ownership to all? Income feeds stomachs?assets feed minds

It is said that the first Blair government did not find the big policy idea: the emblematic proposal that would combine progressive philosophy and practical politics. But perhaps it did. Just before the election, Tony Blair, Gordon Brown, David Blunkett and Alistair Darling launched the ?child trust fund? (or ?baby bond?). The idea is that every…

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