Thinktank moots £10k govt loan scheme for childcare

The Social Market Foundation (SMF) has proposed a national childcare contribution scheme which would allow parents to borrow up to £10,000 to pay for childcare, reports the Guardian. In a similar system to student loans, the money would then be paid back through wages.  The SMF said the proposals, set out in a report, would make it more financially viable for parents to return to work and extend access to formal childcare. Those applying for the scheme would be given the money upfront through a voucher scheme. The loan would attract interest at 3% above inflation, as measured by...