Working parents of young children in England will get 25 hours of free childcare a week if Labour win the next General Election.
That's the promise from shadow chancellor Ed Balls, who plans to raise the banking levy by £800m a year to fund the scheme.
Under the proposed plans, working parents of three and four-year-olds in England would get 25 hours of childcare paid for per week. Parents of that age range currently get 15 hours a week.
The extra 10 hours proposed by Labour would be made available to families where all parents are in work – including single parents and couples.
Labour said around 440,000 children would benefit from its childcare proposal. The plan is worth about £1,500 per child and costs £674m
Speaking at the Labour Party conference in Brighton, Ed Balls claimed families have lost £1,500 a year in childcare support under the coalition.
Mr Balls said the banks paid a 'staggering' £2.7 billion less in overall tax last year than they did in 2010, with the Government's bank levy raising £1.6 billion less than predicted over the past two years.
Speaking at the conference, the shadow chancellor said: "At a time when resources are tight and families are under pressure that cannot be right. So I can announce today, the next Labour government will increase the bank levy rate to raise an extra £800 million a year.
"And we will use the money, for families where all parents are in work, to increase free childcare places for three and four-year-olds from 15 hours to 25 hours a week."
What do you think? A genuine helping handing to parents, or just going after the families'vote?
More on Parentdish:
Free school meals - will it work?
All you need to know about tax-free childcare
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