Tories Plan ‘Stealth’ Raid On Child Benefit And In-Work Benefits

‘The respected Institute for Fiscal Studies (IFS) has warned in a new report that George Osborne’s plan to achieve a budget surplus will result in 500,000 families losing child benefit, and tens of thousands having to pay a higher tax rate.

More than half a million families will be stripped of child benefit over the next five years, under a series of “stealth” tax raids by the Chancellor to help “balance the books.”

Fuel duty will also need to be significantly raised over the next five years or Osborne will face a £3billion black hole in his surplus plans.’

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