This is modern capitalism at work, luxury yachts, grand mansions, tax havens, power and privileges for a small band of leeching parasites and struggle and poverty for the many with children bearing the blunt of this greed driven system of exploitation for profit.
Large corporations dictate economic policy to the various governments and they put the stamp of legitimacy on them, then enforce the implementation on the population, all to the detriment of the people and the benefit of the corporate parasite class.
Child poverty will remain with us as long as we tolerate this capitalist system where the holy grail is the economy, where the only reason for any form of production is for profit. Common sense tells us that it would by much better and fairer for all in society, if we built it round a state free public ownership and co-operatives, organised by the communities in co-operation with each other, and all free from the profit motive. However don't expect our prancing political ballerinas and their corporate paymasters to arrange that for you, that task will have to be up to us, to throw their rule book in the bin and take control and shape society to see to the needs of all our people, only then will we see child poverty turn into something your read about in the history books.