Latest money news: Scrapping two-child benefit cap ‘not a silver bullet’ for solving poverty

The poorest households in the country would see little improvement if the two-child benefit limit was scrapped but the overall benefit cap was kept in place, a think tank has warned.

Keir Starmer’s new Labour government has faced intense pressure to dispose of the policy, which stops most families from claiming child tax credit and universal credit beyond their first two children.