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UK cuts child benefit payments in austerity drive

cap payments to jobless families, scrap child benefits for high earners in sweeping overhaul

http://finance.yahoo.com/news/UK-cuts-child-benefit-apf-4099825820.html?x=0

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Osborne also announced parents who earn more than 44,000 pounds ($70,000) per year will lose child benefit payments from 2013. Currently, all families are paid 20 pounds ($32) a week for their eldest child and about 13 pounds ($20) for other children. The benefits continue until the children are 19, if they stay in full-time education.

There would be welfare payments “to families who need it — but not more money than families who go out to work,”

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