Child benefit cut will go ahead, says Osborne

 

Chancellor George Osborne has said child benefit for higher rate taxpayers will be removed, after ministers' hints the policy could be made "fairer". But he said he would set out in the next months how the policy would be implemented. David Cameron acknowledged there was an issue with the £42,475-a-year threshold - amid criticism the changes unfairly hit single earner families. Labour said the policy was "unravelling already" and was an "utter shambles".