Report
Crossing £100,000 in income by £1 can leave UK parents tens of thousands of pounds worse off
The FT explains the tax system’s childcare cliff edge and says it is hurting UK productivity.
TLDR
UK parents who cross the £100,000 income threshold by just £1 can end up tens of thousands of pounds worse off, the FT reports. Claer Barrett explains how the childcare cliff edge works and says it is hurting UK productivity.
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