Childcare costs are becoming a luxury fewer can afford

6 Mar

Some nurseries in London cost more than the most expensive boarding schools in the UK, according to the Childcare Costs Survey 2013 from the Daycare Trust and the Family and Parenting Institute.

The research found that a place at Britain’s most expensive nursery £42,000, which is 25% more than a place at a top public school – putting childcare from the ‘necessity’ into the ‘luxury’ category in terms of working parents’ budgets.

Even once a child is at school, the costs are still racking up. Parents are paying nearly £4,000 for two children to be looked after before and after the school day – which exceeds that costs of a typical family holiday to Florida.

On average, a full-time nursery place costs £11,000. But this costs 77% more in real terms than it did in 2003, but earnings have stayed the same. This adds to the dilemma of many working mothers: can they afford to go out to work when much of their earnings are eaten up by childcare?

The Daycare Trust and the Family and Parenting say they believe that “major root and branch reforms are needed to create a childcare system that gives children the best start in life and that supports parents to work”.

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