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The global financial crisis has had a profound effect on the public finances. Both the previous and current governments planned for reductions in public expenditure. This Bill gives effect to decisions made as part of the initial review of public expenditure undertaken soon after the 2010 General Election. Three schemes introduced by the previous Labour Government – the Child Trust Fund; the Saving Gateway; and the Health in Pregnancy Grant – are deemed to be unaffordable by the Coalition Government and will be brought to a close.


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