New study claims ‘childcare costs force poorest families into debt’

An article in the Guardian (7th September) examines the impact of childcare costs on parents and highlights a new study that claims a third of parents turn down jobs because they cannot afford childcare.  The report claims that;

Britain’s poorest families are getting into debt because of the high cost of childcare, while a third are turning down jobs and 40% are considering leaving work because they cannot afford to pay for someone to look after their children, according to research.

Parents spend almost a third of their incomes on childcare – more than anywhere else in the world, according to a study by Save the Children and the Daycare Trust. For four out of 10 families the cost of childcare is on a par with mortgage or rent payments, the study showed.

See the full article here.