PSR: Extra £100m spend on under 5's childcare

Cost of childcare has become a growing problem in certain regions of the UK, so Brown has promised to take an extra £100m from the capital modernisation fund to pay for another 120,000 childcare places. This should also help to finance pilot experiments into the extension of nursery education for two-year olds, given the government argues it has met its target for 3-4 year-olds in nursery places. More money is also being spent to fund free books for children when they reach aged nine months, 18 months and two years old. IFAonline