A report by the Resolution Foundation has found that the Liberal Democrats' policies would mean 600,000 fewer children in poverty across the UK by 2023-24, making it the best set of proposals of the three main UK-wide parties.
The report also found child poverty risks reaching a record high under Conservative plans.
Wales has a disproportionate number of people in poverty, with more than one in five people (23%) and more than one in four children (29%) living in poverty.
This means Liberal Democrat welfare policies will be most beneficial for Wales, whilst the Conservative’s policies would be the most damaging.
Welsh Liberal Democrat Leader Jane Dodds said:
This report is a damning indictment of the Tories’ welfare policies, which have seen levels of child poverty soar across the country and have hurt communities across Wales.
While the Conservatives continue to drive more and more children into poverty, the Welsh Liberal Democrats will invest billions into building a brighter future for the most vulnerable in our society.
We would scrap the cruel two-child limit, end the benefits cap and abolish the hated bedroom tax, while investing millions in providing universal childcare.
As the Resolution Foundation’s report recognises, we have the most comprehensive plan and will ensure that everyone has the same opportunities, regardless of where they come from.