Child benefit cut to hit 1.5m families, says IFS

Help

The cut in child benefit for 1.5m higher-earning families is set to save the government £2.4bn a year.

James Brown of the Institute for Fiscal Studies said those families would lose around £1,000 a year as he explained the maths behind any options for a change to the policy and how that could mean cuts elsewhere.

Chancellor George Osborne confirmed the child benefit for higher-rate taxpayers is to be removed, despite hints of changes ahead from some ministers.

MORE FROM THE DAILY POLITICS

More clips and news on our BBC website; 'like' us on Facebook page; follow us on Twitter

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.