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Childcare costs have risen four times faster than wages

The cost of childcare for the youngest children has risen four times faster than wages since 2008, according to a new analysis.

The research by the TUC, a federation of trade unions, published today (20 October) reveals that in England the average wages of those with a one-year-old child rose by 12 per cent between 2008 and 2016 in cash terms, although pay is still falling in real terms. However, during the same period, childcare costs rose by 48 per cent.

It finds that in some parts of the UK, the cost of childcare has risen by even more. For example, in London, childcare has risen 7.4 times more quickly than pay, in the East Midlands seven times, and in the West Midlands 4.8 times.

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