The Government’s 30 hours policy will save some of the poorest households £5 per week, while the richest will gain ten times that, exclusive analysis has found.
Despite the Government saying the 30 hours of ‘free’ childcare saves up to 390,000 families around £5,000 per year per child, analysis commissioned by Nursery World from the Resolution Foundation shows that the maximum gains are only made by higher earners. Parents can earn up to £99,999 individually and qualify for the scheme.
David Finch, senior economic analyst at the Resolution Foundation, says that while all eligible parents will save under the 30 hours, ‘it is those higher-earning families with gross earnings of £40,000 to £50,000 that stand to benefit the most’.
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