The cap, described as 'cruel' by campaigners, will affect 250,000 more children next year and rise to 670,000 before the end of the next parliament if the policy is not reformed
The Institute for Fiscal Studies has issued a stark warning that the number of children hit by the two-child benefit cap is set to soar by a third in the next five years.
On average, households caught by the cap will lose £4,300 annually, which amounts to 10% of their income, the analysis reveals. The cap's introduction has seen a spike in the proportion of children from large families living in relative poverty, jumping from 35% in 2014-15 to a staggering 46% in 2022-23, according to the IFS.
Mubin Haq, chief executive of the abrdn Financial Fairness Trust, which funded the research, said: "The limit has been a significant contributor to child poverty amongst large families during a period when poverty for families with one or two children fell. If the next government is serious about tackling child poverty, it will need to review the two-child limit.
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