Child benefit crisis looming
THE Institute for Fiscal Studies has joined the campaign against the coalition’s plan to axe child benefit for families with a higher rate income tax payer, warning it may cause workers to cut their hours or forgo promotions and describing it as “bizarre and economically damaging”.
George Osborne has another year to try to modify his daft policy before the proposed implementation date.
I confidently predict he will take the simpler option of scrapping it.