By James Chapman Working parents earning up to £150,000 each are to get childcare tax breaks worth as much as £1,200 a year per child. Chancellor George Osborne will unveil a long-awaited £1bn scheme that will mean all but the best-off benefiting from tax relief, despite Nick Clegg’s insistence last month that the scheme would be ‘targeted’. But the move will only apply to couples where both parents are working, or single parents who are employed – likely to spark a backlash from stay-at-home mothers and traditionalist Tory MPs who argue it discriminates against women. Well off: Working parents earning up to £150,000 are to get childcare tax breaks worth as much as £1,200 a year per child
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Working parents get tax break of up to £1,200 to maximum of 20pc of costs
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Plan to be revealed in the Budget and help 2.5m working families from 2015
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To be eligible parents must work full time and not be on any benefits
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Treasury faces backlash by saying stay-at-home mothers 'don't deserve it'
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Government claims it will cost £1bn but doesn't say how it will be funded
Officials from the @placeholder suggested there was not enough money to support all families with child care.