To some, Baby Bonds
sound too radical for the Unites States.
Even if we used existing nonprofit infrastructures to their maximum, the government would have to put aside (but not initially spend) money for baby bonds
, pay out money when service is rendered, and pay for the operational costs of the program.
The KIDS accounts, like Clinton's baby bonds
, would be a brand new entitlement, he points out, not a replacement for the present welfare state.
On education class sizes would be cut using money from scrapping the Government's baby bonds
scheme, only qualified teachers would teach key subjects, tests at seven and 11 would be replaced and GCSEs and A-levels would be combined into a diploma.
THE government has launched the child trust funds, dubbed baby bonds
, to give each new-born baby pounds 250.
The government's Baby Bonds
- or Child Trust Funds to give them the correct name - have been arriving through letter boxes giving youngsters the chance to get on to the savings ladder at the earliest opportunity.
TO encourage families to save money specifically for their children, the government announced their Child Trust Fund scheme in 2003, also known as Baby Bonds
Kids will get more cash for their futures with baby bonds
doubling in value when they turn seven.
In his mini-Budget last December he announced plans to introduce baby bonds
Boots polled 3,900 people as they launched a Mutual Baby Bonds
, from Tunbridge Wells Equitable Friendly Society, provide a secure way for parents, grandparents, aunts and uncles to invest and put a little away each month in a savings plan that grows free of income and capital gains taxes.
If applicants for the baby bonds
have any questions they should contact their local Sovereign Bank branch manager.