Abolition
On May 24, 2010, the Chancellor of the Exchequer George Osborne MP and Chief Secretary to the Treasury David Laws MP announced that the £250 top up payments into the child trust fund would cease in August 2010, with no payments for newborns from the end of 2010. The Savings Accounts and Health in Pregnancy Grant Act 2010 facilitates the abolition of the fund.
Read more about this topic: Child Trust Fund
Famous quotes containing the word abolition:
“... this nation is rotten at the heart, and ... nothing but the most tremendous blows with the sledge-hammer of abolition truth, could ever have broken the false rest which we had taken up for ourselves on the very brink of ruin.”
—Angelina Grimké (1805–1879)
“I am gradually drifting to the opinion that this Rebellion can only be crushed finally by either the execution of all the traitors or the abolition of slavery. Crushed, I mean, so as to remove all danger of its breaking out again in the future.”
—Rutherford Birchard Hayes (1822–1893)
“Woman—with a capital letter—should by now have ceased to be a specialty. There should be no more need of “movements” on her behalf, and agitations for her advancement and development ... than for the abolition of negro slavery in the United States.”
—Marion Harland (1830–1922)