Source link : https://bq3anews.com/is-there-a-powerful-financial-case-for-losing-the-two-child-advantages-cap-that-is-what-the-proof-tells-us/
As she moderately prepares the United Kingdom’s response to her 2nd funds the chancellor, Rachel Reeves, has now hinted that she could also be in a position to scrap the two-child advantages cap.
This debatable coverage prevents oldsters from claiming little one tax credit score or common credit score for greater than two kids (that is other to little one get advantages bills which don’t seem to be restricted through circle of relatives dimension). Consistent with the federal government’s personal figures, the cap impacts the families of one.7 million kids, and ditching it might charge upwards of £3.6 billion a yr.
Offered in 2017 as a part of measures supposed to chop public expenditure on welfare, the coverage was once designed to make certain that families on means-tested advantages “face the same financial choices about having children as those supporting themselves solely through work”.
Then again, when it was once introduced in, the then Conservative executive’s affect evaluate introduced restricted element at the anticipated prices and advantages. A extra complete financial research of scrapping the coverage would want to imagine each the direct fiscal implications and the wider social and financial results.
The direct fiscal charge is possibly the most simple a part of the calculation. Scrapping the cap will require the federal government to renew bills for households with greater than two kids, and the £3.6 billion annual charge is substantial at…
—-
Author : bq3anews
Publish date : 2025-11-14 21:51:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8