670,000 more children to be impacted by two-child benefit cap by next parliament, warns IFS.
Institute for Fiscal Studies (IFS) warns that the two-child benefit cap, restricting Child Tax Credit and Universal Credit to first two children in most homes, will impact 670,000 more children by the end of the next parliament if no policy changes are made. Currently, the cap affects two million children. Upon full implementation, one in five children will miss out on benefits, with the policy affecting 38% of those in the poorest fifth of households.
June 16, 2024
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