To the Point - Where is the vision?

Published Mon 16 Apr 2012
In his budget last month George Osborne announced that Child Benefit will now be removed gradually for those earning between £50,000 and £60,000 a year. This removes the sharp edges and shifts the pain slightly higher up the income distribution. However, it has required the introduction of a complex means test on a previously simple benefit and the loss of nearly a third of the savings it was supposed to generate - nearly £700 million less in 2013/14.
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