close All Hail Kim Jong Camerun! @kimjongcamerun 100,000’s of children to be pushed into poverty after £12 billion of cuts in UK budget. “The Institute for Fiscal Studies forecasts that the Chancellor’s tax and benefit decisions will lead to child poverty rising by 400,000 over this parliament and by 700,000 overall by 2020. This means the cost of child poverty, currently £29bn a year, is set to rise significantly.