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Childcare costs rise again
Graham_Devon
Posts: 58,560 Forumite
Childcare costs have continued to improve, posing a 6% increase on last year.
The average cost per week is now £90.97 up from £85.93 (this is for 25 hours). This translastes to £11,000 a year per child.
Unfortunately the government are taking action to step in and reduce the cost. The daycare trust stated that costs were rising significantly higher than the rate of inflation.
Prices have risen 62% in 10 years. However, real terms wages are now at 2002/3 levels.
England is again setting records for cost increase, while Scotland see's a fall and wales sees just a penny added to yearly costs.
http://www.bbc.co.uk/news/education-21668842
The average cost per week is now £90.97 up from £85.93 (this is for 25 hours). This translastes to £11,000 a year per child.
Unfortunately the government are taking action to step in and reduce the cost. The daycare trust stated that costs were rising significantly higher than the rate of inflation.
Prices have risen 62% in 10 years. However, real terms wages are now at 2002/3 levels.
England is again setting records for cost increase, while Scotland see's a fall and wales sees just a penny added to yearly costs.
With every other cost, work is becoming less and less worthwhile.Anand Shukla, chief executive of Daycare Trust and the Family and Parenting Institute, said: "While wages stay still and childcare becomes more expensive, it's increasingly difficult for parents - and mothers in particular - to make work pay.
"We are particularly concerned that the steepest price increases this year - at 9% - is in childcare for school-age children, which is as important as care for the under-fives care in allowing parents to work.
http://www.bbc.co.uk/news/education-21668842
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Comments
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child care should be free : provided by parents looking after and loving their own children
except of course for posh rich kids who are looked after by paid staff and then sent to boarding schools... but then look how they turn out.0 -
Don't worry HPI will sort out this problem as well as all the other UK's problems.0
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What I find difficult to understand is surely the biggest cost of childcare is wages? If wages aren't rising then how come childcare is going up 6% annually?0
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Many childcare jobs are minimum wage - this has risen.
Utilities and food prices have also increased at well above the published inflation figures.0 -
£90/wk?
Do me a favour, supply and demand down here in the sunny South means that our childcare costs are £930/mth plus employers liability insurance, employers NI contributions all taking it up to £1k/month.
My Wife works p/t to keep her professional registrations current and also to have some identity in parallel to having Children so it's a very fine line, certainly, with any further hikes, plus any cut in childcare voucher sacrifice then it may well soon pay to have her as a SAHM.Sealed pot challange no: 3390 -
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If it becomes unaffordable then it will be.
People will need to adjust and consider their options in life and what they want out of it."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Thrugelmir wrote: »Costs of running premises also increase. Heating and lighting add up.
It would be interesting to see a brekadown of costs. Minimum wage hasn't increased by 6% as far as I know. Granted utilities have increased by in excess of this, but I would still think this would only be a small percentage of costs. Commercial rents haven't increased dramatically have they? The food element for children again cant be that massive.
Personally I think its a case of charging what they can get away with. Although many are going through hard times there are still plenty of people able to pay increased costs and so companies just rise prices because they can and look for any available excuses.0 -
Really? Things have changed a lot, when I went to school £90.97x52 (weeks) = £4,730.44Graham_Devon wrote: »
The average cost per week is now £90.97 up from £85.93 (this is for 25 hours). This translastes to £11,000 a year per child.0 -
Graham_Devon wrote: »Childcare costs have continued to improve, posing a 6% increase on last year.
The average cost per week is now £90.97 up from £85.93 (this is for 25 hours). This translastes to £11,000 a year per child.
Where is childcare that cheap? I have paid £180 a week per child when mine were younger and I had 2 children.0
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