UK’s child poverty rate heading towards largest hike: Experts

Child poverty rate in Britain is reportedly heading towards its largest increase in a generation, reversing over a decade of progress that began in the late 1990s, leading independent experts say.

The bleak projection emerged Saturday just before the release of government statistics that are expected to show a clear rise in child poverty for the first time since the beginning of the current decade, British daily Guardian reported.

The development also comes as Chancellor of the Exchequer George Osborne as well as Work and Pensions Minister Lain Duncan Smith declared their consensus on a plan to further cut the government’s annual benefits spending by £12 billion.

According to the report, the two vowed in a joint letter to attack the “damaging culture of welfare dependency,” stating that it would take “a decade” or more to return the welfare budget to what they described as “sanity.”

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