Autumn Budget: Reeves splurges £12bn on welfare as two-child benefit cap ditched Economics The UK’s fiscal watchdog has forecast welfare spending to soar over the next few years after the Labour government ditched plans to reform the welfare state. The Office for Budget Responsibility (OBR), which accidentally published its report before the Budget, has said welfare spending will rise by £12bn in the fiscal year 2029-30, when compared [...]
Child benefit changes just move distortions higher up the income scale Ash Majithia and Tim Sexton Tory plans to change the threshold at which a household loses child benefit won’t fix the fact that some two-child families face a marginal tax rate of 73 per cent, say Ash Majithia and Tim Sexton It’s been framed as a hand-out for the wealthy, including executives in the City of London. But the real [...]
Child benefit changes to kick in as government expands free nursery hours UK Politics Changes to child benefit are set to save higher earning parents an average of £1,260 a year as the high income charge threshold increases.