Universal credit childcare parents to rise by up to 50% as of today under new government plans
The payment increase will see parents able to claim up to £951 for one child or up to £1,630 for two or more children.
Mel Stride, the Secretary of State for Work and Pensions, said of the plans: “We are supporting thousands of parents to return to work, progress their careers and boost their finances while making sure they have affordable childcare. The plans will also extend to covering the costs of childcare for the first month when parents increase their hours or enter work, so they are able to stay one month ahead of payments on childcare and also to help low-income families struggling with the upfront costs of childcare.
“A working parent using 30 hours of childcare a week could save an average of £6,500 a year thanks to the new free hours offer alone. It comes after a report by the Centre for Progressive Policy earlier this year which found that a lack of access to suitable childcare is costing the UK economy £27 billion a year.
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