The Child Trust Fund and Saving Gateway were rare examples of 'asset-based welfare' policies. Designed and implemented by central government, these policies offered opportunities for families to build assets that had never existed before. Universal and progressive in provision, the Child Trust Fund was unique and meant that every child in the UK would have an asset from birth.
The need for an assets agenda has not disappeared; arguably, it has only strengthened. This report argues that the primary reason for the cessation of both schemes was that the assets policy agenda itself was built on foundations that were too narrow. There was a perception that there were no direct losers from either decision, the Labour government never fully integrated asset-based welfare into their thinking, and there was little support for the programme outside a discreet, relatively small group of policymakers. Other reasons, such as the present government's approach to spending cuts and a lack of endorsement from the Liberal Democrats, also contributed to the policy's demise. Long-term policies, like Child Trust Funds, require wide and diverse support from the public and from policymakers to survive political change - this simply did not exist.
Snakes and ladders: Tackling precarity in social security and employment supportAcross the country, people are trying to make ends meet, build financial security and pursue their aspirations. But, in a vicious cycle of snakes and ladders, many are being pulled down into poverty.
Making markets: The City's role in industrial strategyTo tackle climate change, we need a significant increase in public and private capital investment.
Broken hearted: A spotlight paper on cardiovascular diseaseProgress on cardiovascular disease was a significant driver of better health and prosperity in the latter half of the 20th century, however progress has recently stalled – with indications it may be in reverse.