George Osborne to delay childcare tax breaks | Money | The Guardian

A tax break to ease the costs of childcare, which was at the heart of a new year relaunch of the coalition, is to be delayed as worsening public finances leave George Osborne struggling to balance the nation’s books.

David Cameron and Nick Clegg are to join forces on Tuesday to launch a series of childcare initiatives which the prime minister described last week as a “very major step forward”.

But Osborne is expected to announce in the budget on Wednesday that it will take time, possibly until after the general election in 2015, to add a new tax break of up to £1,000 to existing childcare help.

George Osborne to delay childcare tax breaks | Money | The Guardian.

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