James Arbuthnot: Extra help with childcare costs is great news for parents in North East Hampshire
James has welcomed a major new childcare package unveiled by the Prime Minister today which will help almost half a million working families in the South East.
The Governments’ new Tax-Free Childcare scheme will provide 20 per cent support on childcare costs up to £10,000 per year for each child via a new simple online system. The limit had previously been set at £6,000. This now means support of up to £2,000 per child per year.
In addition, to help more families move off of benefits and into employment, the Government also announced that it will cover the 85 per cent of childcare costs for around 300,000 families receiving Universal Credit, making sure work always pays.
“For too long it has been too difficult for many families to find good, affordable childcare.
“This announcement is great news for children and families in North East Hampshire. As part of our long-term economic plan, these measures will help parents provide more financial security for their families, while directing extra support to those children from disadvantaged backgrounds.”
Prime Minister, David Cameron said:
“Tax free childcare is an important part of our long-term economic plan. It will help millions of hard-pressed families with their childcare costs and provide financial security for the future.”