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Guernsey to save £10 weekly for 40 care children

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Story summary
  • The States of Guernsey will set aside £10 weekly for children in care, payable at age 18.
  • The scheme, run by Guernsey Community Savings, will initially benefit about 40 children.
  • Contributions earn no interest and become available at 18 for opening a GCS account or transferring funds.
  • Guernsey Community Savings chief executive Joe Brown said the accounts aim to reduce financial exclusion and support independence for care leavers.