Child benefit expectations too high for Treasury
Channel 4 News political Editor Gary Gibbon asks if the government can afford to change its child benefit plans?
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With more than a million families to lose some or all of their child benefit from today under austerity measures, Channel 4 News looks at who these changes will affect and what will happen next.
Channel 4 News political Editor Gary Gibbon asks if the government can afford to change its child benefit plans?
Deputy Prime Minister Nick Clegg says the government is considering how to avoid the “unintended consequences” of planned changes which would see higher rate taxpayers stripped of child benefits.
After David Cameron’s warning of a child benefit “cliff edge”, Chancellor George Osborne confirms he will cut the benefit for higher-rate taxpayers but may change details, as Michael Crick reports.
The Treasury answers your questions on plans to scrap child benefit for higher rate taxpayers – telling Channel 4 News the more complicated points will be worked out during the legislation process.
Child benefit is being withdrawn from families who pay higher rate tax and there’s a whiff of ministerial rebellion in the air.
Child benefits will be axed for higher rate taxpayers from 2013, George Osborne tells the Conservative party conference. One Minister tells Channel 4 News other universal benefits are safe.