Campaigners warn childcare costs holding back careers in the City and beyond

A new study by union the TUC suggests the average nursery bill for a family with a toddler was just shy of £5,000 in 2010 but has grown to more than £7,000 just a dozen years later. Anecdotal evidence suggests those figures can reach significantly higher in London and the south east.

Wonks at the Centre for Policy Studies warned that “parents are leaving the workforce instead of stumping up for extortionate fees, taking their skills and productivity with them — and it’s our growth rates that suffer.”

Elizabeth Dunkley, a researcher at the CPS, also said the government should pursue supply side reforms to fix the problem, including bringing childcare ratios into line with European norms.

Read more in CityAM.

Date Added: Friday 17th June 2022