Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleThe Institute for Fiscal Studies (IFS) has stated that scrapping the two-child benefit cap would be among the most cost-effective ways to reduce child poverty. A full reversal of the cap, introduced by the Conservatives in 2017, is estimated to cost £3.6 billion and lift 630,000 children out of poverty. The IFS also presented options for partial reversals, including exempting working families, which would cost £2.6 billion and reduce child poverty by 410,000. Another partial option involves paying half the rate for third and subsequent children, costing approximately £1.8 billion. A government spokesperson highlighted plans for an ambitious strategy from the Child Poverty Taskforce and investments such as £500 million for children's development and a £1 billion crisis support package. In fullScrapping two-child benefit cap could lift 630,000 children out of povertyThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
IFS outlines cost-effective ways to reduce child poverty
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleThe Institute for Fiscal Studies (IFS) has stated that scrapping the two-child benefit cap would be among the most cost-effective ways to reduce child poverty. A full reversal of the cap, introduced by the Conservatives in 2017, is estimated to cost £3.6 billion and lift 630,000 children out of poverty. The IFS also presented options for partial reversals, including exempting working families, which would cost £2.6 billion and reduce child poverty by 410,000. Another partial option involves paying half the rate for third and subsequent children, costing approximately £1.8 billion. A government spokesperson highlighted plans for an ambitious strategy from the Child Poverty Taskforce and investments such as £500 million for children's development and a £1 billion crisis support package. In fullScrapping two-child benefit cap could lift 630,000 children out of povertyThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
