So, the Government has announced Child Benefit is to be scrapped for those ‘higher rate tax payers’ earning over £44k.
I understand that people might think £44k is a lot of money for a household income. But if you live in London or one of the major cities, the cost of living is higher. For many families, child benefit can mean the difference between being able to buy clothes and other essentials for their kids, and not.
Everyone gets that we need to save money. But I’m still not clear why the very richest are not the ones paying the price for the credit crunch.
I’d love to hear your views.
written by Liz Jarvis