Work and Pensions Secretary Iain Duncan Smith is reported to be proposing limiting child benefit to a maximum of two children for all families. At present all parents with young children are given the benefit worth £20.30 a week for the first child and £13.40 for each subsequent child. For a couple with two children, it is worth £1,752 a year, while for a couple with three children it is worth £2,448 a year. From January, child benefit will be reduced for families where one earner is on more than £50,000 and removed altogether from those earning £60,000 or more. The further cuts proposed by IDS would apply to ALL families having more than two children, but it wouldn’t be applied retrospectively so existing larger families wouldn’t lose out – until they had more children. What does the panel think?