Working Tax Credit

(asked on 27th June 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the annual cost to the public purse of working tax credit childcare to the end of the current spending review period.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 5th July 2018

The government currently spends over £1 billion a year on childcare support through Working Tax Credit. The government is introducing Universal Credit, which will provide claimants with support for up to 85% of their eligible costs, up from the 70% support available in Working Tax Credit. As a consequence, the government expects to spend £300m a year more on childcare support for low-income working households.

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