In her November 26 budget, British Finance Minister Rachel Reeves intends to do away with the two-child cap on welfare payments to parents, according to a Tuesday Guardian newspaper story. Following the party’s overwhelming election victory last year, which ended 14 years out of office, the budget is expected to be a pivotal point in what has been a challenging beginning to Labour’s tenure in government.
The party leadership is torn between its pledge to uphold stringent budgetary restraint, which is intended to keep nervous financial markets on board, and its goal of improving living standards nationwide, which contributed to the party’s election victory. At an event held in Liverpool on the fringes of the Labour Party’s annual conference, Reeves responded to questions about the study by saying, “We will reduce child poverty in this parliament.
The budget was supposed to emphasize lifting the cap as one of the best ways to assist lift hundreds of thousands of children out of poverty, according to The Guardian. The Institute for Fiscal Studies (IFS) estimates that it would cost approximately £ 3 billion ($4.03 billion) annually to reverse the two-child cap, which currently prohibits the majority of parents from receiving welfare benefits for more than two children.
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