The average cost of childcare for under-twos in Scotland could reach £58.60 a day and £1,165.95 per month by April 2023 according to new research carried out by pension provider Penfold.
Despite this being lower than the UK average, there are increased concerns that the rise could affect families in a negative way as nursery fees increase. The research saw a survey carried out of 1,156 UK nursery providers by the Early Years Alliance and it showed that almost nine in 10 say that they are looking to hike their 2023 fees.
Penfold says that on average the price of childcare could increase by eight per cent. The pension provider says that the average cost across the UK to put their child into nursery comes in at £55.39 a day or £1,106.52 a month.
