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Planned reform to child benefit scrapped

BBC Business LogoBBC Business13h ago

Planned reform to child benefit scrapped - BBC Business

Quick Summary:

A planned move to a system where claims are based on household income, rather than an individual's, will not go ahead.

But the Budget document published on Wednesday said: "The government will not proceed with the reform to base the HICBC on household incomes.

Only one person can claim the benefit for a child.The payments are £25.60 a week for the eldest or only child, and £16.95 a week for younger children.


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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 14:18:17 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 651 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23350103

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 9 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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