Good news for families? The costs of the Conservatives are higher than you think
“Good news for family budgets” is how the Chancellor welcomed this week’s (negative) inflation figures, but the pinch parents have been feeling in the pocket can’t just be put down to rising prices. It’s also about how we’ve been short-changing our children.
In recent years, the support that families receive to help cover the extra costs of children (the cost of meeting the basic needs of a child are £164 a week) has diminished in value. For some, it has evaporated altogether: higher earning parents lost their child benefit in 2012. For the remaining 4.1 million families who are eligible, the value of children’s benefits has been slowly but surely eroded by year after year of freezes (child benefit) and under-inflation uprating (child tax credit).
Read the full blog on The Staggers.