Its the start of a new month. About 50,000 more people will have their 18th birthday in November and will take control of their personal child trust fund created for them 18 years ago by a Labour Government under Gordon Brown.  Every month for the next 10 years, 50000 more young people will receive their windfall on their 18th birthday  The BBC estimates these personal funds may be worth at least £1000 each so If you are turning 18 or have done in the last couple of months and didn’t know you have a trust fund….look here.

We have not had a Labour government since the Tories and Lib Dems came to power in 2010.  Since then, prospects for 18 year olds have crashed in every respect. Those aged 18-24 are still almost three times more likely to be unemployed than the rest of the population. The explosion in house prices, exacerbated by a profound failure to build new homes in anything like the quantity necessary, now means the average age of home ownership is 36.  Education maintenance allowance has been taken away, job security is lower, working tax credits slashed, youth clubs closed and youth services slashed..and as for tuition fees…well….

And who will have to carry the load after COVID and BREXIT? Need you ask?

CTF’s are an investment in young people by Labour.   Since the Tories know that  the young are least likely to vote they then only exist as someone to blame,  “Don’t kill your gran”, health secretary Matt Hancock said earlier this month, despite elderly people with Covid being sent back from hospitals into care homes. Then there’s Boris Johnson warning young people against “complacency”, urging freshers not to spread coronavirus in the bedroom, before promising to crack down on parties. And after a month of sending people out to pubs and restaurants (which new findings suggest contributed to a spike in infections), the government tried again to blame young people for rising cases and a second wave.  Not much to “level up” opportunity there then…

Join the Labour party today and help us build fairer policies and a fairer future for all including youth.  We won’t just talk about “levelling up” unlike some.

If you’re 14 or over, not a member of another political party, and are a British citizen or have lived in the UK for a year or more, then absolutely; come on in. We need your passion, your experience and your voice in our movement.  If you have questions about joining, click here.

 

Chils trust funds
Chils trust funds
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