Families with children 'worse off'

AOL Money Staff
Ed Balls with a child in a nursery
Ed Balls with a child in a nursery

Families with children stand to lose £511 a year on average under tax and benefit changes coming into force from Friday, an analysis by a respected think-tank showed.

Anti-poverty campaigners dubbed the start of the financial year Bad Friday, warning cuts totalling more than £2 billion were taking effect over the Easter weekend.