Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing the child benefit allowance to £50 a week for all children.
Child Benefit ensures families receive support for the additional costs they face in raising a child. 7.7m million families across the UK claim Child Benefit.
To ensure that the Child Benefit payments retain their value, they will be increased in line with last September’s CPI at 6.7% from April 2024.
Further support for children from low-income households is also provided through the child element of Universal Credit and Child Tax Credit, which will be uprated in line with CPI.
The Government also offers a broader range of support for parents to help with childcare, including financial support with childcare through Tax-Free Childcare.
As with all Government policy, Child Benefit is kept under regular review.