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In a nutshell this means
that employers' childcare vouchers will no longer be available to
new entrants. At a stroke, lower rate taxpayers will lose out on
£962 of tax relief a year, while higher rate taxpayers will lose
£1,195 a year.
Under the plans, this cash will be
retargeted at 250,000 two-year-olds in families on "low and modest
incomes", who, in five years, will get 10 hours of free childcare a
week.
It seems that the PM thinks that
those who earn above £40K cannot described themselves as "squeezed".
Stewart commented: “As usual, in the
Prime Minister’s attempt to pull a rabbit out of the hat he has
shown his true colours.
“Brown genuinely seems to believe
that a teacher earning £40k a year is well off and requires no
support.
“He can’t help himself from
clobbering the middle classes at every turn”.
Stewart
Jackson was elected in May 2005 to represent the
Peterborough constituency in the House of Commons.
To find out more about him, his views and activities, visit his
website at
www.stewartjackson.org.uk
Peterborough UK
Community Website - February 2009
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