Childcare decision
by Gareth Morgan on October 7, 2011
The government, after successful lobbying by many individuals and organisations, has decided to extend the current tax credit support limits of 70% of a maximum £175 for one child and £300 for 2 or more children to those working less than 16 hours a week.
This will put an extra £300m into the childcare pot for Universal Credit.
It’s a considerable improvement over the previous options that had been put forward for consideration although there will be some disappointment that they have not restored the previous 80% maximum.
One question, that strikes me, is that the press release says The additional £300 million has been secured from the investment package that has been allocated to fund the Universal Credit. and I wonder what may have been cut to free up the money?
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