The 30 hours policy will save some of the poorest households £5 per week, while the richest will gain ten times that, analysis finds.
The Resolution Foundation has calculated that a minimum wage household, with one parent on full- and one on part-time hours, makes a real-terms gain of just £5 per week, or £275 a year, from the extra 15 hours.
It is nearly a tenth of the £2,500 the Government says the additional 15 hours could save parents annually (half the full £5,000 worth of 30 hours saving).
David Finch, senior economic analyst at the Resolution Foundation, said while all eligible parents will save under the 30 hours, ‘it is those higher-earning families with gross earnings of £40,000 to £50,000 that stand to benefit the most’.
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