Asset-Based Welfare and Child Poverty: Next steps for the Welsh Assembly
Article
The Welsh Assembly Government has made asset-based welfare a key part of its long-term efforts to tackle child poverty. It has established a 'Child Trust Fund Cymru' that will place a Welsh premium in the Child Trust Funds (CTFs) of all eligible children in Wales.
In this paper we examine the Welsh Assembly Government's initiative in the context of developments in child poverty and asset-based welfare policies. We restate the case for an asset-based approach to welfare and consider what the Welsh Assembly Government might want to do next.
The paper calls for specific measures designed to increase the number of parents opening CTFs, to ensure a high rate of uptake for CTF Cymru and to encourage more parents with low incomes to place additional funds in their children's CTFs.
Related items
Planes, trains and automobiles: How green transport can drive manufacturing growth in the UK
Transport is essential to our lives. Unfortunately, it is currently also the largest source of UK domestic carbon emissions.Regional economies: The role of industrial strategy as a pathway to greener growth
Regions like the North should have a key role to play in the development of a green industrial strategy.Achieving the 2030 child poverty target: The distance left to travel
On 27 March, the Scottish government will announce whether Scotland’s 2023 child poverty target – no more than 18 per cent of children in poverty – was achieved.