political

Good news on childcare as Clegg & Alexander block Tory tax plans

From The Times [£]:

Children at nursery. Photo courtesy of http://www.sxc.hu/photo/434024Generous tax breaks to help working parents to pay for childcare have been scuppered by the Liberal Democrats…

The plans have been abandoned because wealthier families would benefit the most. Mothers earning less than £8,105 do not pay tax and so would not be eligible, while thousands who receive tax credits would be excluded…

At a meeting this week of the “coalition quad” — David Cameron, Nick Clegg, George Osborne and Danny Alexander — the Lib Dems insisted that helping these lower-paid families had to be a priority for any extra cash.

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