Budget 2012: Child benefit withdrawal 'gradual'

21 March 2012 Last updated at 10:06 ET Help

The Chancellor, George Osborne has told the House of Commons that child benefit will be phased out when someone in a household has an income of more than £50,000.

It will fall by 1% for every £100 earned over £50,000.

In his Budget speech he said this means an extra 750,000 families will keep some or all of their child benefit.

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