Tuesday, October 5, 2010

Please don't give me a pay rise

Will be the cry of parents currently earning £43874 per annum. The IFS lays down the incoherences of the Child Benefit cut here. As they put it: "a one-earner couple with an income of £43,875 would need a pay rise of £2,975 or more to ensure they were no worse off after paying income tax and national insurance and losing child benefit".