£1,200 childcare cost pledge

Families are to receive up to £1,200 a year towards childcare costs from 2015. The pledge will reportedly only apply to families in which both parents work and earn less than £150,000 a year. The Budget will be announced on Wednesday.

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Parents will have to wait for childcare support

This is the government’s long-awaited announcement on tax breaks to help families with their childcare costs, but the key fact that is emerging tonight is that people are going to have to wait even longer to see any money back in their pockets.

I understand that this scheme will be more widespread than current help, whereby employers have to sign into a scheme and people get childcare vouchers.

This will be available to all working parents and it’s said that it’s worth up to £1,200 a year but it won’t come in until after the next election.

Labour say this is just 'jam tomorrow' because there are no sweeteners in this year’s budget.

I think the government tomorrow will put it in a more nuanced way, saying that they do need to get the details right before introducing a very complex scheme.

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