Julian Foster: Working parents need more childcare help

The Chancellor’s Autumn Statement contained few surprises. The cancellation of the fuel duty rise will be a relief to many, as will the small rise in pensions next year.

There were also a few changes that may benefit businesses, including a cut in corporation tax.

But it was disappointing to see no extra support for working families facing crippling childcare costs.

The childcare voucher limit of £55 per week has remained unchanged since 2006 and would need to rise to £73 just to keep pace with childcare costs. It is also a shame George Osborne did not support entrepreneurs by extending the childcare voucher scheme to the self-employed.

Julian Foster is managing director at Computershare Voucher Services