"People affected by the child benefit cuts have probably not considered what the true cost will be to them"

Business quote of the day.

"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 plans to withdraw universal child benefit. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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The NS Podcast #204: Carswell and Collapse

The New Statesman podcast.

Helen and Stephen are joined by Jonn Elledge to lament our exit from the EU, discuss what they feel about the EEA, and decide who they loathe more: Douglas Carswell or Daniel Hannan. Jason Cowley and George Eaton then introduce our special-issue on Labour's collapse. And you ask us: what do we think of the Labour Leave MPs?

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