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Labour: Banks will pick up childcare tab
Miliband pledges profit levy to pay for free care
Labour would force big banks to pay for an increase in free childcare if elected, leader Ed Miliband said yesterday.
He said the party would impose a levy on monster banking profits to help ease the cost of living on families by extending free childcare for three and four-year-olds from 15 to 20 hours a week.
The Labour leader (right) said the plans would save families about £1,500 a year.
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