The report by the Social Market Foundation (SMF) estimates that in four years time low-income families can expect to pay almost 62 per cent more, around £600 per year, than they did in 2006 for the same amount of childcare.
Low-income families are defined as those receiving tax credits with an annual income between £15,000 to £37,000; a middle-income household would have an annual income between £42,000 and £63,000; and figures for a high-income household are based on a couple earning more than £63,000 (based on one earner in the couple paying the higher rate of income tax).
Incomes are based on the main earner working full-time and the second earner working part-time hours, earning half the amount of the full-time worker.
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