Gordon Brown has endorsed the UK government's decision to postpone their child poverty strategy until the autumn. He believes this delay is critical for securing funds to effectively lift many children out of poverty. While some Labour MPs criticize the move for lacking urgency, Brown argues that a comprehensive budget is necessary to fulfill the promise of reducing child poverty. He emphasizes the importance of innovative funding sources, such as taxes on gambling and banking, to raise the capital needed for impactful reforms.
I know from my 10 years as chancellor that a public spending statement which is not like a budget, where tax and spending announcements are made together will not be able to undo the scale of the damage done to 4.5 million children now in poverty.
Only a budget when, for example, a gambling or a banking levy can be announced—neither of which would break a single election promise—can generate the 3bn that can take nearly half a million children out of poverty.
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