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cliff edge
noun [singular] /ˈklɪf ˌedʒ/
  1. 1
    economics in taxation, a situation where a small increase in income leads to a large loss of benefits or increase in taxes due

    To remove the cliff edge in the original policy, child benefit was withdrawn gradually from those earning between £50,000 and £60,000.

    This meaning is based on one submitted to the Open Dictionary from United Kingdom on 20/04/2012
     Synonyms and related words
  2. 2
    a situation where a sudden change leads to many immediate and very large problems

    Many of the consequences of the Brexit cliff edge are likely to come into focus well before the UK leaves the EU.

     Synonyms and related words
    Difficult situations and experiences:crisis, battle, nightmare...
     Synonyms and related words
    Changes for the worse:contamination, regression, lapse...
  3. From our crowdsourced Open Dictionary
    3
    in taxation, a situation where a small increase in income leads to a large loss of benefits or increase in taxes due

    To remove the “cliff-edge” in the original policy, Mr Osborne said child benefit would be withdrawn gradually from those earning between £50,000 and £60,000.

    Submitted from United Kingdom on 20/04/2012

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