£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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New childcare scheme will 'boost pockets of families'

If Britain is going to succeed in the global race we must help those who work hard and want to get on.

Too many families find paying for childcare tough and are often stopped from working the hours they'd like.

This is a boost direct to the pockets of hard-working families in what will be one of the biggest measures ever introduced to help parents with childcare costs.

– David Cameron, Prime Minister

Delivering tax-free childcare is the next step to ensuring all families can work and get on.

The rising cost of childcare is one of the biggest challenges parents face and it means many mums and dads simply can't afford to work.

This not only hurts them financially, but is bad for the economy too.

– Nick Clegg, Deputy Prime Minister

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