Child poverty update

How much will it cost to end child poverty by 2020?
There is still political consensus around the goal to end child poverty by 2020, but the target to halve it by 2010 is looming.

Taking account of the recession, new research from the Institute of Fiscal Studies and the Joseph Rowntree Foundation uses the most recent data available to estimate the costs of meeting the government target of halving child poverty by 2010 and eliminating it by 2020.

With current policies, the research estimates that child poverty will fall to 2.3 million by 2010 – a reduction of 600 000 rather than the 1.2 million needed. In order to meet the target of halving child poverty, an extra spend of £4.2 billion a year in benefits and tax credits would be required. Without new policies, child poverty could rise to 3.1 million by 2020.

Recent JRF research on child poverty

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