Financial support to low income families to pay for childcare through working tax credits is being replaced by the childcare element of universal credit. This Early Warning System report examines the impact of this change on parents and childcare providers.
Today, children are already twice as likely to be poor as pensioners. According to the Institute for Fiscal Studies, child poverty is set to soar to 5.1 million children by 2022 – a 42 per cent rise over ten years.
This briefing presents some of the analysis to be published in a forthcoming report assessing the impacts of cuts to benefits from 2010 to 2020. This briefing focuses on changes to universal credit since it was first legislated in 2012 and their effects on family incomes, work incentives and poverty rates. It also includes the effect of real-terms cuts to child benefit which took place during the same period.
The 2015 government faces a child poverty crisis: by 2020, there are predicted to be 700,000 more children in poverty than there were in 2010. Our programme for government sets out six steps the government can take to face up to this crisis.
This report shows parents struggled more than ever to provide a decent standard of living for their families in 2013. This is the second in a series of annual reports on the cost of bringing up a child in the UK.