What the two-child benefit cap means for your money – and what Labour has said

Australia News News

What the two-child benefit cap means for your money – and what Labour has said
Australia Latest News,Australia Headlines
  • 📰 i newspaper
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 89%

Sir Keir Starmer has come under pressure to scrap the two-child limit on benefits

The party leader said scrapping the limit, which prevents parents from claiming child tax credit or universal credit for more than two children, isThe cap has led to soaring rates of child poverty in families with more than two children, according to theThe rate for any additional children is £16.95 a week per child.The two-child benefit limit means most families cannot claim means-tested benefits and tax credits for any additional children born after April 2017.

Drawn up by former chancellor George Osborne during the years of austerity, it was designed to reduce public spending and encourage families to make decisions based on their financial circumstances.When it is fully rolled out in 2035, it is set to affect around 750,000 families. The report also stated scrapping the policy completely would cost £3.6billion in today’s prices and take 490,000 children out of poverty.

Families affected by the cap in 2023-24 lost up to £3,200 a year in benefit support for their third and each subsequent child. during the leaders’ event in Grimsby scrapping the two-child benefit will not be in the party’s manifesto.“We’re probably going to inherit a broken economy and I’m not going to make promises I cannot keep.“People are fed up with politicians who before the election say ‘we’ll do everything'” and then do not deliver, he said.LabourOpinion

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

i newspaper /  🏆 8. in UK

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sir Keir Starmer says Labour won't reach for 'tax lever' to fix public servicesSir Keir Starmer says Labour won't reach for 'tax lever' to fix public servicesSir Keir Starmer has said he does not want to mimic previous Labour leaders in reaching for the 'tax lever' to sort out the country's finances.
Read more »

Why is Labour leader Keir Starmer a sir?Why is Labour leader Keir Starmer a sir?Sir Keir Starmer and Rishi Sunak will take part in an ITV debate on Tuesday night ahead of the general election 2024
Read more »

Sir Keir Starmer says 'wealth creation' is his top priority if Labour wins electionSir Keir Starmer says 'wealth creation' is his top priority if Labour wins electionThe Labour leader will announce several proposed employment support and welfare benefits reforms aimed at increasing the employment rate from 75% to 80%.
Read more »

Diane Abbott 'free' to stand for Labour at general election, Sir Keir Starmer saysDiane Abbott 'free' to stand for Labour at general election, Sir Keir Starmer saysDiane Abbott is 'free' to stand for Labour at the general election, Sir Keir Starmer has said.
Read more »

Jeremy Corbyn says Sir Keir Starmer is 'clearly intervening' in 'purge' of left-wing Labour candidatesJeremy Corbyn says Sir Keir Starmer is 'clearly intervening' in 'purge' of left-wing Labour candidatesThe ex-leader, now running as an independent candidate in the general election, said those being blocked from Labour's list had 'all spoken out in favour of a permanent ceasefire in Gaza'.
Read more »

Diane Abbott accuses Sir Keir Starmer of 'culling' Labour left wingers after 'appalling' deselection decisionDiane Abbott accuses Sir Keir Starmer of 'culling' Labour left wingers after 'appalling' deselection decisionDiane Abbot's future is still unknown while two other candidates on the Labour left have been blocked from standing.
Read more »



Render Time: 2025-02-25 14:07:47