Tomorrow (23 March) the Chancellor will deliver his much-anticipated spring statement to the House of Commons, amid growing financial pressures for families and uncertainty for the childcare sector resulting from the pandemic.
The annual Childcare Survey 2022, published today by Coram Family and Childcare, reveals that prices have risen again since 2021. A part-time nursery place for a child under two in Britain now costs £138.70 a week, or over £7,200 a year. Childcare costs now significantly exceed the caps on the monthly amounts reimbursed through Universal Credit, risking plunging lower-income families into poverty at a time of intense economic uncertainty. We also know that many childcare providers are struggling to make ends meet and that the Government funding rates do not cover the care that they provide.
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