Childcare Costs Soaring

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23 Jul 2014

Under this Government childcare costs are soaring and the availability of childcare is plummeting, causing a summer of misery for many parents trying to balance work and family life in the holidays.

While families facing a cost of living crisis come under more and more pressure, this Government has no plan to support families struggling with their childcare.

New analysis shows that, since 2010, the cost of childcare during the summer holidays has spiralled upwards by 16 per cent, four times faster than wages. This means that parents will have to fork out an additional £100 per child for their summer childcare, compared to 2010.

Alongside soaring costs, the availability of holiday childcare has nearly halved, now just 27 per cent of councils have enough holiday childcare for parents who work full-time compared to 49 per cent in 2009.

Increasing free childcare for working parents with three and four-year-olds from 15 to 25 hours a week, worth £1,500 per child, would be a real boost to parents struggling to pay for childcare throughout the year.