Child Poverty Action Group welcomes today’s announcement from the Secretary of State for Work and Pensions that all children who are adopted will not be taken into account for the purposes of the two-child limit in tax credits and universal credit.
The promise of greater rewards from work made to working families has been broken as a result of cuts to Universal Credit and tax credits, with losses reaching thousands of pounds in many cases, new analysis by Child Poverty Action Group (CPAG) and the Institute for Public Policy Research (IPPR) shows.
Limiting universal credit payments to two children per family will push another 200,000 more children under the official poverty line once universal credit fully bites. The biggest group affected will be working families with three kids
Parents working on the minimum wage are on the brink of a new crisis in family finances that will leave many stranded when it comes to meeting no-frills family costs, warns a new report produced by Loughborough University’s Donald Hirsch for Child Poverty Action Group.
In response to Today’s Budget , David Holmes CBE, Chair of the End Child Poverty coalition, said: “The good news on the minimum wage will help many but the bad news on tax credits and children’s benefits will mean families with children will be hit hard. It is difficult to see how this will not impact on levels of child poverty...