Child care costs soar by £276 million a year

Child care costs soar by £276 million a year

Parents paying more for childcare

Parents have to fork out considerably more for childcare compared with this time last year

Families across the UK are forking out an additional £276 million this year to meet rising child care costs compared to twelve months ago, according to research by Family Investments.

The research found that 1.5 million mums (one in five) with children aged under eighteen currently pay for childcare which includes everything from nursery school to childminders.

Across the country they are paying an average of £15.33 more each month for the service compared to twelve months ago and collectively this adds up to an additional £23 million a month (or £276 million a year).

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