Stephen Twigg MP, Labour’s Shadow Education Secretary, commenting on the Government’s childcare announcement, said:
“Families need real help with the cost of childcare now, not promises of help in two and a half year’s time. The only people David Cameron is helping now are millionaires, who will get a massive tax cut in April. The Government will be cutting £7 billion worth of support for families in 2015 – ten times what they are promising in today’s announcement.
“Lower and middle income earners are being hit hard. Parents who get tax credits, and have already seen their income squeezed will not benefit from this tax break. And a couple with one child paying basic rate tax will lose £600 compared to the existing scheme.”