The Cost of Nursery Care Increased Significantly

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A new analysis has revealed that the cost of full-time nursery care for children under two charges almost two-thirds of a parent’s weekly take-home pay in England. The findings from Business in the Community (BITC) and the Prince’s Responsible Business Network show that parents in Scotland fare slightly better, paying half (51%) of one salary for childcare. In Wales, the figure is 63%, and in England 65%.

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The analysis used the Coram family and childcare survey results alongside Office for National Statistics (ONS) income data. It showed that parents in the east of England and inner London spend most of their wages on childcare.

Commenting on the findings, BITC’s Director of Responsible Business, Amanda Mackenzie OBE, said: “The high cost of childcare is a key barrier to work for many parents, particularly mothers. This puts significant pressure on family finances and can make it hard for parents to progress in their careers.”

She added that businesses need to do more to support employees with the cost of childcare and called on the government to invest more in early years education and care.

The Prince’s Responsible Business Network has also launched a new campaign, ‘Work It Out, ‘ calling on businesses to offer more flexible working arrangements to help parents with the cost of childcare.

To find out more about the campaign, visit www.bitc.org.uk/workitout.

According to the Coram family and childcare survey results, the average cost of nursery care for a full-time place for a child under two is £212 per week in England. In Scotland, the figure is £178, while in Wales, it is £196.

The ONS data shows that the median weekly take-home pay for all employees in England is £500, meaning that parents spend 65% of their wages on childcare. In Scotland, the figure is 51%, while in Wales, it is 63%.

The high cost of childcare is a key barrier to work for many parents, particularly mothers. This puts significant pressure on family finances and can make it hard for parents to progress in their careers.

Businesses need to do more to support employees with the cost of childcare, and the government should invest more in early years education and care. The Prince’s Responsible Business Network has launched a new campaign, ‘Work It Out, ‘ calling on businesses to offer more flexible working arrangements to help parents with the cost of childcare.

What do you think about the cost of childcare in England? Let us know in the comments below.

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