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In its simplest form, making childcare tax deductible would be a tax break for nannies. It would give higher rate taxpayers twice as big a benefit as basic rate taxpayers and would give most of all to those who can already afford to spend the most.
At the start of this week Conservative MP, Elizabeth Truss, published her proposals for reducing the high costs of childcare in Britain. At the heart of her proposals is a drive to reduce regulation on the childcare industry.