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News - 23 February 2015

Childcare charity urges costs review

The Family and Childcare Trust's annual survey says the average cost of a part-time nursery place for a child under two has risen 33% since 2010.

It now costs more than £6,000 a year - a rise of 5% in a single year.

The report, based on 196 UK local authority responses about the cost of 25 hours and 50 hours of childcare in local nurseries or childminders, says: "In the course of this Parliament, nursery costs for under-twos have increased by 32.8%, at a time when real wages have remained largely static."

Liz Kennett, Manager of the Accounts Department of ABDS and a mother of two comments:
“Last year, the Trust revealed many parents were spending more on childcare on their mortgage, and many previous surveys have suggested costs can be too high for working to be economically viable for many parents, despite significant efforts by successive governments.”

Despite the coalition government providing an increase to spending on child care provision, this year's survey, the 14th in the series, finds childcare prices have continued to increase and the gaps in provision remain unfilled.

It also warns there is a risk that, as fees continue to rise, the new help in the form of tax relief could be wiped out.

Stephen Dunmore, the trust's chief executive, said: "In the run-up to the general election this May we want to see all political parties commit to an independent review of childcare. Britain needs a simple system that promotes quality, supports parents and delivers for children."

A Department for Education spokesman said: "We are pleased the report acknowledges the significant steps we have already taken to increase funding in the early years, and in particular that over the course of this Parliament we have increased funding from £2bn to £3bn a year.

Alison McGovern, Labour shadow minister for childcare and children, said the figures laid bare the government's failure.

"Since 2010 the failing Tory plan has seen the costs of childcare soar. On top of this, there are over 40,000 fewer childcare places and wages are down £1,600 a year on average."

The National Day Nurseries Association says the biggest reason that nursery fees are rising is that some parents are subsidising the cost of the government's free nursery places.

If you need any help and advice on Nursery Schools or Care Homes, contact Peter Ham, Lavinia Newman, Stuart Coleman or Liz Kennett to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

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