Trust me, I'm almost one
at 10:22am on Tuesday, 15th January 2008
We in wonkworld are always ready to give credit where it is due. In 2003, the IPPR trumpeted Gordon Brown's adoption of their nice asset-based welfare idea in the form of the Child Trust Fund. A week ago, my 11-month old son received a letter updating him on the progress of his fund. I clarified some things for him, such as why the database appeared to know his name but not his gender. But I couldn't tell him how the 250 quid invested on his behalf by the government had mushroomed into 245 quid. At this rate - and yes, I am aware that past performance is no indicator of future performance, so things might get worse - he will come of age with 160 pounds, which he can spend on a veggieburger at Second Life Glastonbury.
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