March 2023
Matthew Todd
Weekly tax brief
The proposed extension of free childcare to children as young as nine months is great news, but is the eligibility criteria fair?
Tackling the UK’s productivity issues was a key theme in the Spring Budget, in which the chancellor announced several measures intended to inspire the ‘economically inactive’ into work and ensure that highly skilled individuals, such as NHS clinicians, are not disincentivised from remaining or progressing in the workforce. These measures included increased investment in childcare provisions and early years support, but whilst these measures sounded very positive when announced, the strict free childcare criteria may result in further disincentivises for higher earners.
3 minutes