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Families in U.K. now pay more on childcare than on their mortgage. annual costs of raising children are now outstripping yearly housing loan repayments. This is according to survey conducted by Britain's Family and Childcare Trust. organization says that in some parts of country, nursery fees have risen by 13 per cent in past year. cost for babysitters and child-minders has risen by average of four per cent. report's author Jill Rutter told Nursery World website that her findings showed that childcare in U.K. is becoming less and less affordable for families. She also said insufficient number of places in nurseries shows the U.K.'s system isn't working.

report could well make would-be parents think twice about starting family, or about the number of children they have. family of four with one child attending nursery and another in after-school club spends average of $12,571 a year. This compares to average yearly housing loan payments of $12,000. Families are now spending quarter of their income on childcare. This does not include costs of feeding, clothing and entertaining children. There are also the costs of toys, books and electronic gadgets on top of that. The chief executive of Trust warned that when many parents have to spend more than quarter of their income on childcare, it's clear that system "isn't fit for purpose".

 


 
 

 

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