The Daycare Trust’s annual survey showed that the average weekly cost of care for children of any age rose to £90.97 in 2012 compared with £85.93 the year before. The figures mean that the cost of putting a child under two in a full-time nursery has breached £11,000.
The report also pointed out that over the last decade, the cost of such a nursery place has risen 62% despite real-terms average wages having dropped back to levels similar to those seen in 2002-2003.
Rising costs and falling real-terms wages are bad news for those who have children and also want to pursue a career. Anand Shukla, the chief executive of the Daycare Trust and the Family and Parenting Institute, said: ‘While wages stay still and childcare becomes more expensive, it's increasingly difficult for parents - and mothers in particular - to make work pay.'
Such a large rate of inflation in childcare risks locking out a lot of skilled workers whose efforts UK plc needs in order to get out of the economic doldrums…