Childcare Costs

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14 May 2014

Childcare costs eat into the budgets of many families, for many it’s difficult to make ends meet.

Families hit by a cost of living crisis are seeing wages fall as prices rise. Childcare costs have soared 30 per cent since 2010. At the same time, childcare places have fallen and Ministers have cut support to help make childcare affordable through tax credits.

Childcare is a key barrier to enabling many mums, and it still is mainly mums, back to work after they’ve had a baby. Sky-high childcare costs mean work doesn’t pay and mums that want to work more hours can’t afford to.

Extending free childcare for working mums and dads with three and four year olds would make a real difference. By helping mums and dads back into work or to work the hours they want, a parent could work part-time for the first time without having to worry about childcare costs. Worth £1,500 per child this would help boost the economy and help make work pay.

The introduction of a primary childcare guarantee would also help mums and dads manage the logistical nightmare of organising before and after school care.