The latest report in our annual Cost of a Child series finds that the overall cost of a child up to age 18 (including rent and childcare) is £185,000 for lone parents (up 19% since 2012) and £151,000 for couples (up 5.5% since 2012). The gap between lone parents’ actual income and what they need to meet family needs has grown sharply.
Child Poverty Action Group responded positively to announcements of increased investment in childcare cost support through Universal Credit. But we believe that overall the Budget has done too little to help families and will lock-in austerity cuts for the long-term.
The Social Mobility and Child Poverty Commission has released its first annual report on the government's progress reducing child poverty and increasing social mobility. The report says the Coalition's child poverty strategy is failing.
The Chancellor George Osborne announced spending proposals for the year 2015/16 this afternoon. CPAG is deeply alarmed at cuts to benefits for jobseekers that will mean more of them are sent to foodbanks almost as a matter of policy.