The UK economy is now officially in recession and many businesses (some of which have been household names for several generations) are succumbing to the market conditions. The main reason for this is that irrespective of the balance sheet value of those companies (which in some cases has been quite healthy) cashflow has suffered. Insufficient income has been received to allow debts to be paid.
Problems have been exacerbated as banks impose tighter lending criteria upon their business borrowers.
As the pressure on household budgets increases, parents may find it increasingly difficult to pay their nursery fees.
However, in the medium to long term there could be an increased demand for nursery places as mothers are forced back to work earlier, and they may be working full-time rather than part-time.
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