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February 9th, 2012 
FAKE NEWS for the Zionist agenda
By
Nick Enoch
Last updated at 1:10 PM on 8th February 2012
Parents struggling to cope with childcare costs could borrow up to £10,000 in a scheme being considered by Downing Street.
The plan, backed by senior figures in the Treasury, would take the form of a loan similar to those offered to students.
Independent think-tank, the Social Market Foundation (SMF), put forward the proposal today to ease the burden for British parents, who are forced to choose between giving up work or spending around 25 per cent of their income on childcare.
A poll by SMF showed that 55 per cent of parents find childcare ‘too expensive’.
Cuts to the tax credit system have priced many mothers out of the jobs market. But parents could be offered a £10,000 loan to ease the burden of childcare (posed by models)
The think-tank has suggested a national childcare contribution scheme where parents who earn more than £12,000 annually could receive a lump sum – repaid monthly over an extended period and at a low interest rate through the tax system, The Times reported.
The study gives an example of a family paying £7,800 in childcare for three years.
Under the scheme, their repayments would fall to £14 a week over 11 years rather than £50 a week over three years.
If earnings dropped below the
threshold for personal allowance (currently £7,475), the payments would
stop, and be written off after 20 years.
Cuts to the tax credit system, combined with the rising cost of
childcare, have priced many mothers out of the jobs market.
Until April last year,
working tax credit covered 80 per cent of the costs of childcare – up to
£175 a week for one child and £300 a week for two or more.
But in April that was cut to 70 per cent as ministers battled to reduce the welfare bill.
IT’S GOING TO COST US HOW MUCH?
The cost of raising a child has soared to a record high of more than £10,000 a year.
Parents
now spend £218,000 for each of their offspring from the moment they
are born to the time they leave home at the age of 21, a study has
found.
The biggest dents to the budget come from childcare, food and education – not including private school fees.
The figure has shot up 55 per cent in the past nine years and is 3.3 per cent higher than last year’s total of £211,113.
The percentage differences from last year:
- Education: £71,780, 5.1 per cent (does not include private school fees)
- Childcare and babysitting:£62,099 (2.7 per cent)
- Food: £18,667 (4 per cent)
- Clothing: £10,781 (3.7 per cent)
- Holidays: £15,532 (1.6 per cent)
- Hobbies and toys: £9,248 (-4.6 per cent)
- Leisure and recreation:£7,303 (-0.6 per cent)
- Pocket money: £4,337 (4.8 per cent)
- Furniture: £3,373 (2.5 per cent)
- Personal care: £1,143 (2.6 per cent)
- Other: (driving lessons, first car, Christmas presents etc) £13,761 (4.8 per cent)
- Total: £218,024, 3.3 per cent
The Cost Of A Child study was conducted for insurer and retirement specialist LV.
A Government source said the loan plans were being ‘seriously’ examined by the Downing Street policy unit.
It is likely the scheme would be tested in one part of the country – and those on the lowest incomes would not pay the amount in full.
One of the authors of the SMF report, Ryan Shorthouse, an adviser to the Tories in opposition, insisted, however, that the money was not to be viewed as a ‘loan’.
To do so, he argued, could worry people.
Mr Shorthouse said it should be seen as smoothing the childcare payment over a longer period of time.
He said: ‘If women drop out of the labour market, there is a huge wage penalty in the short and long run.
‘We are saying “we will give you money now, knowing that you will create a financial benefit in the long run”.’
No. 10’s policy team is also considering deregulating the childcare sector to help combat the problem.
One proposal to drive down costs is to relax the ratio of the number of children each nursery staff member can look after.
Shadow Work and Pensions Secretary Liam Byrne called the issue a ‘national priority’.
He said: ‘With over 30,000 women leaving work last year because they couldn’t afford childcare, and costs spiralling all the time, there’s no question that the system needs to be improved.
‘Yet cuts to tax credits which kick in this April are going to make the challenge for families tougher still.’
An idea similar to SMF’s was proposed last September by Conservative MP Sajid Javid.
He recommended that parents should be offered ‘pre-education loans’ as studies showed that high-standard nursery care boosted a child’s education performance in the long run.
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More loans!! This is NOT what I want. I work hard to support my family and we don’t earn very much but I try and study whilst I work to help provide better career opportunities. What would be more helpful is if the cost of living came down! Every time my husband and I think right we getting some where, we’re clearing debts, we saving a little something happens that drains our money. Yes it is called life and I understand that. But maybe if the essentials in life were a little cheaper (gas, electric) then we would be able to life with out government LOANS and that money could be ploughed into sorting out necessary services for those who truly need it i.e. – elderly in care, schools and NHS.
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And MOST of it wont be paid back I wager
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This is a very god thing. It costs a lot to take a good care of a baby.
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another incentive for people to have more children and also the settle in the Uk
– nina, cambridge, 08/2/2012 22:49++++++You’re not wrong there. Holidaying in Sri Lanka about ten years ago a family we got friendly with, the daughter asked if it was true that they paid you to have babies in Britain. After a lengthy discussion, we found out she was reffering to child benefit that another holiday maker had told her Families get here. She said if that was true she would try to come to Britain to live.
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OMG so what about us couples that dont want children? once again we get nothing! This is so wrong and people will have children they dont even want just to some extra money which they probably wont even spend on the children! My husband and I have chosen to have pets instead of children will we be getting some money towards the cost of their care and vet bills? No I doubt it!
If people want to have children then they make sacrifices and work hard to make the money to raise those children! There is no way other tax payers should be paying to raise other peoples children especially when the vast majority of them are too lazy to get off their own backsides and work and raise their children properly!
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They are struggling because they cannot afford to make ends meet, so give them a loan and watch them struggle even harder to pay it off. Or of course, when it finally sinks in that they cannot afford the payments, write it off and give them some more. This same Leftist fiscal lunacy is currently unfolding on a grander scale, with Greece and the EU.
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Can’t afford children, don’t have them!
Got children or going to have children? Pay for them yourselves!
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another incentive for people to have more children and also the settle in the Uk
– nina, cambridge, 08/2/2012 22:49
Ha Ha Ha … in my home country (Czech Republic) you get a lump sum of 220 000 CZK which amounts to one year salary and you can chose how many months you want this to be paid, from 19 months to 4 years so you can stay at home to raise you children. So if you go for 19 months you receive almost full pay for that period of time. British people pay debts, student loan, childcare costs, then care house, mortgage etc. I know because like the rest just keep paying my loans, while my Czech friends go for winter and summer breaks living on only one income, And they manage to save some money, too. Don’t be fooled by the fact that everybody is after your benefit system.
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another incentive for people to have more children and also the settle in the Uk
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“Goodness how times have changed. Left a single parent, through no fault of my own, with a child of 6 and a newborn baby, no childcare available, tax credits of any description i.e. no help whatsoever and certainly not on benefits, …. Now as an OAP still paying tax , …”””
– Contrary Being, Somewhere cold, UK, 08/2/2012 17:08
I bet you own your own home since it cost buttons at one time. To be able to get the same today we both need to work and its pointless considering that on top of a 200K mortgage I pay 1200k per month for my 2 kids in childcare!!! I work for 100pm by working but am afraid to give it up as I will have to retrain or worse never get work again . Im only hoping that my grandkids can pay enough tax to provide for my pension in the future. But the truth is pensions will go before I get there!
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