Finance expert Martin Lewis is hosting a TV special on Jeremy Hunt’s back to work Budget.
The half-hour ITV programme is looking at the highlights of the Chancellor’s announcement on Wednesday, with tips on how to deal with the changes.
It comes after Mr Lewis revealed “the one miss” in the government’s expansion of childcare funding announcement.
The maximum amount that parents on universal credit can claim for childcare will also increase from £646 to £951 for one child, and from £1,108 to £1,630 for two – an increase of just under 50 per cent.
However, in a video posted on Twitter, Mr Lewis warned that it would not cover all benefits.
Mr Hunt’s childcare reforms have been criticised for delays to the rollout.
Shadow chancellor Rachel Reeves said the government is “a bit late to the party” when it comes to childcare while the Institute for Fiscal Studies (IFS) has said it is “highly uncertain” what impact Jeremy Hunt's extension of free childcare will have on the labour market.
