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The free entitlement to childcare for all parents in England should be scrapped in favour of a system aimed at disadvantaged children, a report says. The Institute of Economic Affairs study says the right to 15 hours free care a week has distorted the market price. It also argues regulations have made it more costly, with many families on average earnings spending more than a third of their income on childcare.

The government has started the process of selling more student loan debt to the private financial sector. It has announced that loans made to students in England between 2002 and 2006 will be put up for sale - to be followed by other pre-2012 loans - with the aim of raising £12bn.

Mohamed Amed

Mohamed Amed

Students

Students

Teacher

Teacher

Guns

Guns

Budget Day in India, as it is in most democracies, never fails to give rise to public excitement. Invariably, the mood of expectation is high, its delivery in the public space results in mood swings, from high to low and high again, until it settles inevitably at a median level. In essence a national budget is an account of the nation’s finances, of revenues, expenditure, and a roadmap to the future. 

Manmohan Chidambaram

Manmohan Chidambaram

Former PM and FM Manmohan Singh, P.Chidambaram