Financial crisis 'give-away' starts today
January 5, 2009 12:02 AM
Measures announced in the Pre-Budget report take effect today. These include:
Child Benefit up from £18.80 to £20 per week for first child, from £12.55 to £13.20 for subsequent children (increase usually in April);
increases in pension credit and child tax credit also up three months earlier than usual;
all pensioners get extra £60 payment this month (equivalent to bringing forward uprating of the basic state pension from April to January) in addition to £10 Christmas bonus;
£70 payment also goes to children with disabilities; small businesses eligible for £1 billion in export guarantees from this month.
'Give aways' have to be paid for
Whilst we welcome these much-needed increases we are well aware that they will have to be paid for by tax increases in the future.
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