Britain to offer childcare tax break to parents


LONDON: Prime Minister David Cameron will unveil a new tax break on Tuesday to help working parents with their childcare costs from 2015, the government said, seeking to placate families squeezed by austerity, a stagnant economy and weak wage growth.

The announcement comes a day before Chancellor George Osborne is due to reject calls to abandon the coalition government's deficit reduction programme when he delivers his budget statement to parliament.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read