Warning over child trust cut

EDINBURGH East Labour MP Sheila Gilmore has said 1000 newborn babies every year in the constituency will be hit by the UK Government's decision to scrap Child Trust Funds.

The savings accounts, currently topped up by the Government are now being phased out by the Conservative-Lib Dem coalition.

Ms Gilmore said: "I know that over 1000 babies were born in east Edinburgh in 2009. Investment in their future will have given them a better start in life, but I'm worried that the 1000 babies born next year, and thousands more will be born after that will now lose out."