Lynne Featherstone MP welcomes £1bn childcare investment

Lynne Featherstone MPLynne Featherstone MP has today welcomed news that families in Haringey – and across the UK – are to get greater financial support for childcare, thanks to a major new Government initiative.

Liberal Democrat analysis shows that the £1bn boost to help parents with childcare costs could benefit around 10,972 families in Haringey.

The Coalition Government’s scheme will save the typical working family with two children up to £2,400 a year.

The Hornsey and Wood Green MP has today welcomed the plans, which were announced by Deputy Prime Minister, Nick Clegg, as “much needed help” for working families.

Commenting, Lynne Featherstone MP said:

“An extra £1,200 for each child will make a real difference to families in Haringey and families across the country.

“Everyone knows that the cost of childcare is a big worry for many families. Almost a quarter of employed mothers say they would like to work longer hours but can’t do so because of the cost of childcare.

“Making sure all families, and mothers in particular, can afford to work is important to help build a stronger economy as well as deliver a fairer society. This has been an absolute priority for Nick Clegg and the Liberal Democrats and I am delighted we are able to give parents this much needed help.”