Amendments proposed to the Child Trust Funds Bill - continued House of Commons

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Subscriptions and deprivation of capital


Mr David Laws
Norman Lamb


*To move the following Clause:—

       'Subscriptions to child trust funds shall not be considered to constitute deprivation of capital in respect of entitlement to any benefits, tax credits or pensions credit.'.

Investment information and advice from Inland Revenue


Mr David Laws
Norman Lamb


*To move the following Clause:—

    '(1)   The Inland Revenue shall provide summary information on investment options and risks to all those responsible for managing child trust fund accounts.

    (2)   But the Inland Revenue shall not itself offer any advice on which account types or providers should be selected.

    (3)   If the Inland Revenue can be shown to have offered advice which has resulted in investment losses then it shall be legally liable for such losses.'.

Prohibition on advertising in pre-election period


Mr David Laws
Norman Lamb


*To move the following Clause:—

    '(1)   The Government shall not advertise the introduction of child trust funds during the pre-election period.

    (2)   In this section, the "pre-election period" means the period that—

      (a) starts with—

      (i) the calling of a General Election by the Prime Minister, or

      (ii) the day that falls twenty-five days before any Parliament shall cease to have continuance in accordance with the provisions of the Septennial Act 1715 (1 Geo 1 Stat 2 c 38),

       whichever is the earlier, and

      (b) ends with the day of the ensuing General Election.'.


Mr George Osborne
Mr Peter Atkinson


Title,     line     1,     leave out 'child trust funds' and insert 'baby bonds'.


That the following provisions shall apply to the Child Trust Funds Bill:


    1.   The Bill shall be committed to a Standing Committee.

Standing Committee

    2.   Proceedings in the Standing Committee shall (so far as not previously concluded) be brought to a conclusion on 20th January 2004.

    3.   The Standing Committee shall have leave to sit twice on the first day on which it meets.

Consideration and Third Reading

    4.   Proceedings on consideration shall (so far as not previously concluded) be brought to a conclusion one hour before the moment of interruption on the day on which those proceedings are commenced.

    5.   Proceedings on Third Reading shall (so far as not previously concluded) be brought to a conclusion at the moment of interruption on the day on which proceedings on consideration are commenced.

    6.   Sessional Order B (programming committees) made by the House on 28th June 2001 shall not apply to proceedings on consideration and Third Reading.

Other proceedings

    7.   Any other proceedings on the Bill (including any proceedings on consideration of Lords Amendments or on any further message from the Lords) may be programmed.

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