Families with children hit hardest by 14 years of tax and benefit changes IFS

Summary

• Families with children have seen incomes fall by £2,200 per year since 2010 due to tax and benefit changes
• Benefit cuts have hit families with children the hardest
• Reductions in child tax credits and two-child limit have affected support for families
• Tax and benefit reforms since 2010 have reduced incomes for the poorest 40% and richest 10% of households

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