If things continue in the way they have been 'middle income earners' will be the deprived. As many have pointed out this was put in place for the benefit of the children not the parents. It's a fantastic scheme meaning that most children arrive in reception ready to learn and in some cases well ahead making early school days more meaningful and hopefully providing a better educated work force in the future.
Plus, has she given any thought to those who will be put out of work by the inevitable decline in take up of pre-school places? Possibly meaning existing facilities closing down, less corporation tax, less income tax into the coffers.
Finally, the biggest issue we have in this area is getting 'the deprived' to actually bring their children along to use the free places. Many here are enrolled but never attend cutting funding won't solve this.
I cannot see any positives in this at all. Bad news for the children, bad news for those working and relying on the funding to make it worth going to work.