UK Conservatives propose raising child benefit income threshold to £120,000, benefiting 700,000 families with average tax cut of £1,500.

The UK's Conservatives have proposed to raise the income threshold at which families start to lose child benefit from £60,000 to £120,000, potentially benefiting 700,000 families with an average tax cut of £1,500. The party also plans to base the child benefit system on households' overall income instead of individual earnings. Critics have called the policy "desperate and unfunded."