Child Tax Credit
Steve Webb
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.
Mr. Timms
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.
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|£ million |
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|Increase in child element in 2010-11|2010-11|2011-12|2012-13|2013-14|
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|£10 |80|60|80|80|
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|£20 |140|140|170|170|
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|£30 |220|230|220|220|
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|£40 |310|310|310|310|
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|£50 |390|370|390|390|
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|£60 |450|450|510|500|
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Estimates for 2014-15 are not available.