New fiscal year brings tax and benefit changes

The video discusses the financial challenges faced by a 24-year-old single mother due to budget cuts. Initially, her tax credit covered 80% of her daughter's nursery costs, but it has been reduced to 70%, resulting in a weekly loss of £60, or £280 monthly. This highlights the impact of policy changes on low-income families.

How much financial loss does the mother face weekly due to the cuts?

What is the total monthly loss in pounds for the mother as a result of the cuts?