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    George Osborne to delay childcare tax breaks

    Worsening public finances mean chancellor will have to reschedule changes that could save some families £1,000

    George Osborne is expected to announce in Wednesday's budget that the planned childcare tax break may be put back as late

    as 2015. Photograph: Rex Features

    A tax break to ease the costs of childcare, which was at the heart of a new year relaunch of the coalition, is to be delayed as

    worsening public finances leave George Osborne struggling to balance the nation's books.

    David Cameron and Nick Clegg are to join forces on Tuesday to launch a series of childcare initiatives which the prime minister

    described last week as a "very major step forward".

    But Osborne is expected to announce in the budget on Wednesday that it will take time, possibly until after the general

    election in 2015, to add a new tax break of up to £1,000 to existing childcare help.

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