The UK government’s plan to cut welfare benefits and implement tax reform is likely to push more children into “absolute poverty” over the next five years, reversing recent improvements, a British think tank has warned.
The proportion of children living in poverty is likely to rise to around 30 percent by 2022, a 3 percent rise from 2015, the Institute for Fiscal Studies (IFS) said Thursday.
The IFS projects that the number of children in poverty will rise by 900,000 to 5.1 million by 2022.
“Tax and benefit changes planned for this parliament explain all of the projected increase in absolute child poverty between 2014–15 and 2021–22,” IFS researcher Andrew Hood said.
The IFS defines poverty as a family earning less than 60 percent of median income after housing costs, approximately 288 pounds a week.
The value of most welfare benefits is set to fall by 6 percent in real terms over the next four years as a result of rising inflation over…