RECORD NUMBERS OF KIDS FACE POVERTY
MORE than five million children in the UK face living in poverty over the next five years.
That is the finding of a new report by the Institute For Fiscal Studies (IFS). The IFS says that the number of children living in poverty will increase from 4m to 5.2m. They say that around a third of this is because of planned changes to benefits and taxes, such as the new rule that means parents can claim benefits for no more than two children.
The report says that poor households will be hit hardest, especially in the north of England, the Midlands, Wales and Northern Ireland. This is because poor households in these areas get a higher amount of their money from benefits. The rates of poverty for pensioners, and adults with no children, will hardly change.
These figures are based on estimates, including how much earnings are expected to rise, so could change if the economy improves or the Government takes action.