Local MP Stewart Jackson has today welcomed the landmark announcement to introduce tax-free childcare which, when fully implemented, will be worth up to £1,200 every year, for each child under age 12 and could benefit 2.5 million families.
From Autumn 2015, the Government will meet 20 per cent of childcare costs for working families and so will save a typical working family with two children under 12 up to £2,400 a year.
From the first year of operation, all children under 5 will be eligible, initially opening the scheme to 1.3 million families, and the scheme will build up over time to include children under 12.
Stewart Jackson MP commented:
“This is great news for parents in and around Peterborough which will deliver much needed support with the cost of childcare.
“It really shows that Conservatives in Government are committed to helping families make ends meet, and support parents in getting back into work.”
“This is a boost direct to the pockets of local families to help parents with childcare costs.”