Average childcare costs in the UK have gone up yet again, putting even more pressure on already stretched household budgets. It all adds to parents concerns about how much it costs to raise a child. According to the latest Childcare Survey 2024 report by Coram Family & Childcare, the average price of a part-time nursery place for a child under two has risen by 7.4% in the last 12 months.
CEO and co-founder at private pension provider Penfold, Pete Hykin, told us: “Childcare costs are becoming increasingly unaffordable for many households, and this is putting significant pressure on family budgets. The high cost of living, coupled with the rising cost of childcare, is leaving many families struggling to make ends meet.”
