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Child Tax Credit

Volume 487: debated on Wednesday 11 February 2009

To ask the Chancellor of the Exchequer what estimate he has made of the cost to the Exchequer of increasing the child element of child tax credit by (a) £10, (b) £20, (c) £30, (d) £40, (e) £50 and (f) £60 per year above indexation in 2010-11 in each of the next five years; and if he will make a statement. (255657)

Estimates of the cost of increasing the child element of child tax credit by (a) £10, (b) £20, (c) £30, (d) £40, (e) £50 and (f) £60 per year above indexation in 2010-11 in each of the next five years are provided in the following table.

Estimated cost of increasing the child element of child tax credit per year

£ million

Increase in child element in 2010-11

2010-11

2011-12

2012-13

2013-14

£10

80

60

80

80

£20

140

140

170

170

£30

220

230

220

220

£40

310

310

310

310

£50

390

370

390

390

£60

450

450

510

500

Estimates for 2014-15 are not available.