What Jeremy Hunt could announce about childcare in the 2023 Budget ⤵️ BudgetDay2023
What childcare changes will be announced in the Budget?who claim childcare support will now receive it upfront.
The amount parents on universal credit can claim on childcare will increase from £646 for a single child to £950 – and from £1,108 for two children to £1,630 – according toA study from Coram Family and Childcare found the average price of a childcare place for 25 hours a week is now £150.89 per week in England, with the high costs “freezing parents out of work”.
Some parents can apply for an additional 15 hours’ worth of childcare a week, bringing the total up to 30 hours. Eligibility depends on factors including if a person is working, their income and circumstances, and their immigration status. Working families who qualify for universal credit can currently claim back up to 85 per cent of their monthly childcare costs, but this amount is now set to increase.The spring Budget is taking place on Wednesday 15 March. The Budget speech will be read out to MPs in the Houses of Parliament after Prime Minister’s Questions, which means it should start atIt will be shown live on major news channels including BBC News and Sky News, and details will be published on the Treasury’s website.
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