Universal credit childcare funding to rise in June
The government announced it will also support eligible parents with their first month of childcare costs when they either enter work or increase their hours, by providing childcare funding upfront. Those parents will receive up to 85% of their childcare costs back before their next month's bills are due.
The cost of childcare in the UK is among the most expensive in the world, according to the Organisation for Economic Cooperation and Development . For a couple with two young children childcare costs take up nearly 30% of their income, according to the OECD. Mr Stride said: "These changes will help thousands of parents progress their career without compromising the quality of the care that their children receive.
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