The basic cost of bringing up a child is getting harder to meet. New CPAG research updating our annual 'Cost of a child' report has found that while the cost of raising a child from birth to 18 remains high, at £149,805, state support for meeting those costs is diminishing sharply.
Today the Lords vote on government policies to cut tax credits, the extra support people on low wages receive to ‘top up’ their incomes. With over two thirds of children growing up in poverty living in a working family, tax credits are a vital tool to help families make ends meet. Many independent experts have already pointed out the impact these cuts will have on families: £4.4 billion will be taken from low-paid families next year alone, an average of £1350 per family.