The party says more needs to be done to make sure the tax and benefit system does not punish mothers who decide to work and a "real, professional" childcare service should be made available.

BBC: Labour seeks parents views on childcare

But it is to say that rather than try to do the impossible, whereby we try to abolish reality through regulations that won't work, we should make plain that going forward "buyer beware" is real, that no mistakes will be cushioned by politicians, and that just as investors are free to succeed, they're also free to fail.

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