Junior ISA's are reverse Robin Hoods

Junior ISAs are being trumpeted ahead of their November launch, but they are a tax break for the wealthy who would have saved anyway and will be of no help to most children.

At least a third of families cannot afford to save. And the Institute of Fiscal Studies says the government's cuts will make that worse. Junior ISAs are reverse Robin Hoods, taking money from the poor and giving it to the rich.