The latest findings by Family Action, which reveal that more babies will be born into poverty as a result of tax and benefit changes, cannot be dismissed lightly.

This research challenges the Government’s promise that deficit reduction would not result in increased child poverty.

By making it more difficult for a child to access the stability and well-being that comes in part from a healthy diet, decent housing, early-years education and supportive relationships, a child will struggle to grow up and contribute to society as fully as they would have done with such support.

History teaches us that growth, be it personal or economic, does not come without investment. If we are to remain a truly competitive player in the 21st century, we cannot allow this human capital to be squandered.

Rob Tolan, head of policy and research, Elizabeth Finn Care, Hythe House, London