We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Government urged to help struggling families on childcare
Options
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"Save the Children and the Daycare Trust have launched the biggest ever consultation on soaring childcare costs ..."
"Save the Children and the Daycare Trust have launched the biggest ever consultation on soaring childcare costs ..."
0
Comments
-
Nursery prices should be regulated, it's ridiculous what they charge with Britain being among the highest in the world, 28% of an average net income for a 2-earner household!!
The problem is the costs soared massively when the government started paying towards childcare and I can imagine if the government give more help the prices would go up again. Nurseries will charge the maximum that they can get out of the government so the more the government pays the more childcare will cost. Then when the government have to cut back nurseries don't reduce their fees and the parents are left having to pay more and more.
I don't think the government paying more will help in the long-run, something has to be done now to regulate the prices that nurseries charge.
Edit: wouldn't this be better on the Benefits & Tax Credits Board? This board is mainly used for CSA discussions.Dum Spiro Spero0 -
As are, currently, those with a partner with a reasonable income.the poorest could be priced out of work because of the rising costs.0 -
It's not the cost of childcare that needs to come down....it's the cost of living.
If house prices were to come down then you wouldn't have people with mortgages at a stupid multiple of their joint income. This would mean families where both parents work would have more disposable income.
Increasing the subsidy for childcare will mean childcare costs rise....just as rents are kept up by Housing Benefit.
The government shouldn't pay for childcare at all. The people who've had the children should be responsible for raising them and paying for their upkeep.
Of course the government could print a whole load of money and give out some grants and that would make things better for everyone wouldn't it?0 -
If house prices were to come down then you wouldn't have people with mortgages at a stupid multiple of their joint income. This would mean families where both parents work would have more disposable income.
Or one could stay home and look after the kids, so there would be no reason for the gov to shell out on childcare!0 -
Or one could stay home and look after the kids, so there would be no reason for the gov to shell out on childcare!
Yes correct....except they can't afford to because the cost of living is so high (mainly because of mortgages for overpriced houses).
I'm not saying they should bring in some new taxes for housing....but they shouldn't artificially be propping up the market with historic 350 yr low interest rates, SMI etc
It would be better to reduce the living cost so only one parent had to work. This would free up jobs that others could fill.0 -
I agree with this. Once upon a time you could get a mortgage and buy a house with one wage coming into the house with the other parent staying at home looking after the kids. When it became more common for both parents to work they had more disposable income but house prices started to rise to reflect that.It's not the cost of childcare that needs to come down....it's the cost of living.
If house prices were to come down then you wouldn't have people with mortgages at a stupid multiple of their joint income. This would mean families where both parents work would have more disposable income.
Now we're in a situation where you have to have 2 wages coming in to be able to afford a mortgage and of course this means that you have to pay for childcare to be able to work to pay your mortgage and nobody seems to be better off.
Dum Spiro Spero0 -
I know many women who would love to give up work so they could be SAHMs but they simply can't afford to because they have a mortgage to pay. If house prices were lower they would be able to manage on their OH's wage and of course as you say it would free up jobs for those who want to work.Yes correct....except they can't afford to because the cost of living is so high (mainly because of mortgages for overpriced houses).
I'm not saying they should bring in some new taxes for housing....but they shouldn't artificially be propping up the market with historic 350 yr low interest rates, SMI etc
It would be better to reduce the living cost so only one parent had to work. This would free up jobs that others could fill.Dum Spiro Spero0 -
I agree with this. Once upon a time you could get a mortgage and buy a house with one wage coming into the house with the other parent staying at home looking after the kids. When it became more common for both parents to work they had more disposable income but house prices started to rise to reflect that.
Now we're in a situation where you have to have 2 wages coming in to be able to afford a mortgage and of course this means that you have to pay for childcare to be able to work to pay your mortgage and nobody seems to be better off.
House prices rose primarily not because people had more disposable income but because credit was so easy to obtain. When regulation was so lax that anybody could self certify and claim they had an income of £60k and get £200k mortgages.....house prices started to rise massively. Estate agents/financial advisors/banks all encouraged self ceritified mortgages.
Now everyone seems to think that banks askng for a 10% deposit is harsh. It isn't and it hasn't ever been except during that period where banks were actually handing out 105% mortgages.....0 -
after tax I earn:
£13,582.36 (£16,500pa)
My nursery costs for full time hours mon-fri are £358.22 a week
I only earn £261 a week!
0 -
It also had a lot to do with greed. When credit became easily available everybody wanted everything now! Back when we first started out in adult life you could get a mortgage of about 3x the main salary plus 1x the second salary and that was enough to buy a nice flat or 2 bed terrace. You'd furnish your home quite often with second-hand stuff or things given by your family (our first flat had nothing new in it!). Then as the years went by your income rose and your family got bigger so you moved on to a nice 3 bed semi and replaced your old stuff with new as and when you could afford it. Each time you moved you went up the property ladder.House prices rose primarily not because people had more disposable income but because credit was so easy to obtain. When regulation was so lax that anybody could self certify and claim they had an income of £60k and get £200k mortgages.....house prices started to rise massively. Estate agents/financial advisors/banks all encouraged self ceritified mortgages.
Now everyone seems to think that banks askng for a 10% deposit is harsh. It isn't and it hasn't ever been except during that period where banks were actually handing out 105% mortgages.....
But when credit became readily available many people didn't want the starter home with second-hand furniture, they jumped straight in to the bigger house with the big mortgage. And of course they furnished it all with lovely things, all on credit. Banks were at fault for encouraging people to get massive amounts of credit but people were greedy too.
That's absolutely shocking! I really feel for families now struggling, it really makes you wonder if it's worth working.mummyplus3 wrote: »after tax I earn:
£13,582.36 (£16,500pa)
My nursery costs for full time hours mon-fri are £358.22 a week
I only earn £261 a week! Dum Spiro Spero0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards