PM to decline childcare tax break

Children look at Prime Minister David Cameron during a visit to the Coin Street nursery in London, as the government have announced a new tax-free childcare allowance worth up to £2,000 per child -  to start after the 2015 general election. PRESS ASSOCIATION Photo. Picture date: Tuesday March 18, 2014. See PA story POLITICS Budget. Photo credit should read: Peter Macdiarmid/PA Wire
Children look at Prime Minister David Cameron during a visit to the Coin Street nursery in London, as the government have announced a new tax-free childcare allowance worth up to £2,000 per child - to start after the 2015 general election. PRESS ASSOCIATION Photo. Picture date: Tuesday March 18, 2014. See PA story POLITICS Budget. Photo credit should read: Peter Macdiarmid/PA Wire

%VIRTUAL-SkimlinksPromo%David Cameron has revealed that he will not be taking advantage of the new tax break for childcare, worth up to £2,000 per child each year.

The scheme, unveiled on the eve of the Budget and due to come into effect in autumn 2015, will help around 1.9 million families with children aged under 12 where both parents work, at a cost of around £750 million.