Chancellor Philip Hammond delivered his first Budget yesterday, in which he announced Tax-Free Childcare will start next month, along with measures to help small businesses facing increases to business rates, a rise in National Insurance contributions for self-employed workers to bring them in line with employees.
The End Child Poverty Coalition and The Children’s Society said the Chancellor had done little to help families facing a four-year freeze in child benefit and rising inflation.
They both cited figures released by the Office for Budget Responsibility that show inflation is set to rise to 3.9 per cent this year, while they say child benefit has increased by just 40p since 2010.
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