400,000 children will fall into relative poverty by 2015, warns IFS

Guardian – The government shakeup of the tax and benefits system will result in a further 400,000 children falling into relative poverty during this parliament, leaving Britain on course to miss legally binding targets to reduce child poverty by 2020, according to the Institute for Fiscal Studies. In a bleak assessment of changes in the government’s new social contract, the IFS said the number of children in absolute poverty in 2015 will rise by 500,000 to 3 million. Even worse, by 2020 3.3 million young people – almost one in four children – will find themselves in relative child poverty. Read Article