A Government spokesman said that the childcare system is undergoing reforms to allow more providers to enter the market.
"High quality providers will be able to expand and more childminders will enter the market - this will mean parents have more affordable childcare.
"Ofsted will be the only arbiter of quality, removing any council duplication. As a result more taxpayers' money will go to the frontline.
"We want to help working families with costs and accessibility, and will make an announcement soon."
More top news
The London property market is expected to be the hardest hit as buyers sit it out to see how the economy will be affected.
The former London mayor paid tribute to David Cameron just hours after the Prime Minister announced his resignation.
The pound crashed to its lowest level in 30 years as Britain voted to leave the EU.