Mums Finance

Is there nothing that this man and his Govt will not destroy? not happy with having wrecked what was a retirement pension system that was the envy of many other countries, as well as being poised to destroy one of Labours greatest innovations…the Open University – Brown is denying he will be axing the childcare voucher scheme which hundreds of thousands of parents across the UK use.

The PM yesterday tried to control a growing Labour revolt over plans to axe the childcare vouchers used by hundreds of thousands of families. The Prime Minister insisted no one would lose out for the next five years and said that compensatory measures would be outlined next month. But read that phrase carefully – “the next five years…”.

Parents pay up to £243 a month of their salary in exchange for tax-free electronic vouchers that can be used to pay nurseries, nannies or child-minders. Brown however is arguing that one third of these vouchers are going to higher-tax paying individuals – in essence those who go out to work rather than sit on their backsides drawing benefits. What is wrong with this – why does this govt have a problem with people who earn higher than average salaries…? In all, 43 Labour MPs are warning that phasing out the tax relief will penalise families with young children and harm Labour’s chances of holding marginal seats at the next election.  As Labour traditionally depends on the welfare-vote to win those seats it will not be giving much in the way of a damn about working families…

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