Politics 1 November 2012 "People affected by the child benefit cuts have probably not considered what the true cost will be to them" Business quote of the day. Print HTML "Many people affected by the child benefit cuts have probably not considered what the true cost will be to them over time" Alex Henderson, tax partner at PricewaterhouseCoopers. The accountancy giant is warning that some families may lose as much as £50,000 over the next 16 years due to changes in child benefit. The coalition government is planning to withdraw or cut altogether child benefit from families where an adult earns more than £50,000 a year from January. › The government has lost the economic argument around immigration The government plans to withdraw universal child benefit. Photograph: Getty Images Helen Roxburgh is the online editor of Economia Subscribe More Related articles Chinese loan sharks are using nudes as collateral. Is this the grim future of revenge porn? Tea Leavers and Champagne for Remain: what your shopping basket says about your EU stance “I’m a big boy”: What happened when MPs grilled Philip Green about the BHS scandal?