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Breaking the bank

The debacle in the childcare tax credit system could lead to an overhaul of how providers are paid, says Simon Vevers Designed to lift families out of poverty and give them a helping hand into employment, the Government's tax credit system now shows ample evidence of doing just the opposite - in many cases plunging people into debt so they cannot afford childcare costs and forcing them to give up jobs to look after their children.

Designed to lift families out of poverty and give them a helping hand into employment, the Government's tax credit system now shows ample evidence of doing just the opposite - in many cases plunging people into debt so they cannot afford childcare costs and forcing them to give up jobs to look after their children.

Politicians usually shy away from offering apologies, preferring to offer platitudes that things will improve. However, two damning reports from the Citizens Advice Bureau (CAB) and the parliamentary ombudsman prompted prime minister Tony Blair to say he was sorry, after it was revealed that nearly two million of the six million families claiming tax credits had been overpaid and many were now facing acute hardship as the Inland Revenue sought immediate repayment. In addition to the 2bn in overpayments to be clawed back from 1.9 million people, a further 713,000 people had been underpaid by 500m. A further 800m overpaid in 2003/04 will not be pursued by the Inland Revenue.

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