There was very little in this Budget for children and families living in poverty. The Chancellor said yesterday that this government does not pass on its bills to the next generation, but the 4.2 million children living in poverty today are the next generation. Child poverty is scarring, and the decisions taken yesterday will leave a legacy of cold homes, empty tummies and crumbling classrooms. We are in urgent need of a plan to tackle child poverty.
Our pre-Budget briefing details how best to invest financial support in children to reduce child poverty and give every child the chance to fulfil their potential.
This is an important moment for the government to demonstrate how it will support families on a low income. Investing in social security protects those who need it most. This investment is highly cost-effective – reducing child poverty immediately and leading to improved education, employment and health outcomes, including life expectancy.
The Front-loaded Child Benefit Bill is a Private Members’ Bill introduced by Lord Farmer (Conservative). It aims to allow recipients of child benefit to receive, if they wish, a higher rate of child benefit when a child is younger, in exchange for a lower rate when the child is older. This would be an alternative to the current system whereby a flat rate is paid throughout childhood. The second reading will take place on Friday 8 July.