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Exclusive: £2.37bn underspend on government’s flagship policy means just a fraction of eligible parents are taking up offer

Hundreds of thousands of parents are missing out on help paying for childcare and billions allocated to the government’s flagship “tax-free childcare” scheme is going unspent, data has revealed.

New figures show a £2.37bn underspend on tax-free childcare over the past four years, with just a fraction of the parents eligible for help with childcare costs taking up the offer, according to Treasury figures.

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