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

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

 


 
 

 

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