HM Revenue and Customs suggested about 20,000 EU nationals receive child benefit payments in respect of 34,000 children in their country of origin at an estimated cost of about 30m. But the total saving would have been significantly less than that because Mr Cameron did not get the blanket ban he wanted. Instead, payments would have been linked to the cost of living in the countries where the children live. David Cameron said as many as 40% of EU migrant families who come to Britain could lose an average of 6,000 a year of in-work benefits when his "emergency brake" was applied. The DWP estimated between 128,700 and 155,100 people would be affected. But the cuts would have been phased in. New arrivals would not have got tax credits and other in-work benefits straight away but would have gradually gained access to them over a four year period at a rate that had not been decided. The plan will never be implemented now. Will we be barred from the Eurovision Song Contest?
Others start venture capital funds. Rapper Jay Z is putting his money to work in start-up and technology investing, Axios reported on Tuesday . Unnamed sources told Axios that Jay Z (Shawn Carter) will partner with venture capital firm Sherpa Capital, which has invested in companies like Uber, Airbnb and Slack. KEVORK DJANSEZIAN / Reuters The "99 Problems" singer who is married to pop star Beyonce is no stranger to the business world. Jay Z's entertainment company, Roc Nation, has made some investments in tech startups such as private-jet rental company BlackJet and French audio equipment company Devialet, according to Crunchbase. Jay Z will partner with Roc Nation president Jay Brown for the new fund, the report says. On top of Roc Nation, Carter has invested in Uber and music streaming service Tidal. By setting up a firm, Carter joins a growing crowd of celebrities that are bringing their brand to the tech world. Kobe Bryant, Lupe Fiasco,Robert Downey Jr.
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