Savings Accounts and Health in Pregnancy Grant Bill

There is another significant change since that time, which is the financial mess that we found we had inherited. This Bill, along with other measures, has to sort out our finances. When the Public Bill Committee took evidence, Carl Emmerson of the Institute for Fiscal Studies said:"““I think that £1,000 at age 18 will improve their life outcomes and will help. I think that the money spent on education or on increasing their family's incomes over those first 18 years is probably going to help more.””––[Official Report, Savings Accounts and Health in Pregnancy Grant Public Bill Committee, 2 November 2010; c. 12, Q23.]" Does the right hon. Gentleman agree?