The cost of childcare has become a major issue for parents across London.
Under this out-of-touch Tory-led Government, childcare costs have risen by a staggering 30 percent. At the same time, there are 35,000 FEWER places and the Cameron-Clegg Government have cut financial support to help parents pay for childcare. Some families have suffered a loss of £1500 a year.
In London the impact is particularly severe. Childcare costs are a major drag on the economy and on the ability of families to make work pay.
- Childcare costs have risen by 19% in the last 12 months – five times faster than pay.
- The average cost of a 25 hours nursery place in London is now over £130 a week.
- As a direct result a quarter of parents are now prevented from going back to work or increasing their hours.
If our employment rate for mothers moved up to the average of the world’s top 5 nations, 320,000 more women would have jobs and tax receipts would rise by £1.7 billion.
Hard pressed families need help with the costs of childcare right now. Yet while David Cameron and Nick Clegg have cut taxes for millionaires this year, they won’t provide any further support to help families with the costs of childcare until after 2015.
Labour’s pledge to extend free childcare provision from 15 to 25 hours for three and four year olds with parents in work will be a real boost for families struggling with the cost of living crisis. Worth £1500 per child per year this extension will boost employment, family finances and the exchequer.
- Introduce a ‘primary childcare guarantee’ giving all parents of primary school children the guarantee of childcare availability through their school from 8am-6pm.
- Expand free childcare for 3 & 4 year olds from 15 to 25 hours per week for working parents – an increase in childcare support worth over £1,500 per child. This package will be funded from an increased Bank Levy..
In London, 72,550 3-4 year olds will benefit from Labour’s extension of free childcare provision from 15 to 25 hours, saving parents £1500 for each child.
"The rising cost of childcare is one of the biggest contributors to the cost of living crisis in London. Few families can keep up with prices rising five times faster than pay. Labour's primary childcare guarantee and free childcare for three and four year olds will improve the lives of thousands of parents across the capital."
Sadiq Khan - Shadow London Minister
- Report - London Childcare: Cost of Living. : Report from the London Assembly demonstrating how spiraling childcare costs are shutting many parents out of the jobs market.
- Blog from Cllr Muhammed Butt, Leader of Brent Council, on how Brent's new flexible childminding service will help hard-working parents to get on in tough times.
- Blog from Cllr Peter John, on how Southwark is finding solutions to the unaffordable childcare crisis.