My Lords, I wish to speak to Amendment 76, which is a probing amendment. Given the hour and the closeness to our target time, I will be brief.
I believe that the Bill should introduce a social justice premium—a grant that would be payable to local authorities and services and to care leavers. The social justice premium would provide funding to raise the life chances of care leavers and close the gap with their peers who are not, or have never been, in the care system.
The premium would be based on the calculation of harm over a care leaver’s lifetime. It would qualify those affected for proportionately favourable funding in terms of both payments and services. One practical application would be a government top-up for savings accounts to ensure that looked-after young people accumulated assets at least at the median rate for their peers. I look forward to the Minister’s response.