UK households with income under £120,000 to get £17,000 boost after July

UK households with an income UNDER £120,000 will be handed a £17,000 a year boost by the Conservative Party after July - if they win the election. Chancellor Jeremy Hunt has confirmed changes to Child Benefit to allow any household with an income up to £120,000 to qualify for payments.

Mr Hunt told the Sunday Times newspaper: "Around here (Godalming) the childcare reforms have been pretty popular, but people also do raise the fact that one person earning over £100,000 means you don’t get access to them and that creates a cliff edge.

"Because it was a big commitment (in the budget) we just couldn’t afford to do more when I made the original announcement. But those are things I think we definitely want to make progress on, yes.” He said: "I’ve always said that if you want to be economically productive we have to get rid of the cliff edges in the tax system.”

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Mr Hunt added: "The removal of the personal allowance, the fact that childcare support stops when one person in a household is earning over £100,000. If you speak to economists, they will say the most damaging things in the tax system are when you have things with a high marginal rate.

"So it is absolutely on our list as something we would like to do more on.” He argued Labour will find it difficult to manage public pay rises "because of their links to the unions”, and this is why “we are so certain” that the party will put up taxes.

Child Benefit is a monthly payment for anyone with parental responsibilities for children under the age of 16 (or up to 20 in full-time education). It's worth claiming as it can be worth over £17,000 (or more if you've two or more children).

Child Benefit is the Government's way of acknowledging the costs involved in raising a child. It's paid monthly to anyone responsible for children under the age of 16 (or under 20 if they stay in certain full-time education or unpaid training).