U.K. Children May Be Pushed Into Poverty From Welfare Cuts
- IFS sees child poverty rising if squeeze goes ahead as planned
- Warning piles pressure on chancellor ahead of Nov. 22 Budget
Photographer: Christopher Furlong/Getty Images
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Hundreds of thousands of children in Britain could be tipped into poverty if Chancellor of the Exchequer Philip Hammond presses ahead with planned cuts to welfare spending, according to analysis published Thursday.
A freeze to most working-age benefits will see about 7.5 million low-income households lose more than 500 pounds ($660) a year in real terms by 2022, the Institute for Fiscal Studies said. Some could find themselves 2,500 pounds worse off as a result of benefits being limited to two children, it said.