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£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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Cameron and Clegg offer 'tax relief on childcare'

The Coalition leaders met parents at the Wandsworth Day Nursery in south London.

David Cameron and Nick Clegg have met with families after pledging up to £1,200 a year in government support for children.

The Prime Minister described the funding as effectively "some tax relief on childcare".

"For many families the cost of childcare is not one issue among many, it is the issue - it really matters," Mr Cameron said.

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