Childcare Prices fall by £234 in a Single Year in the East Midlands

Childcare Prices fall by £234 in a Single Year in the East Midlands

Liberal Democrat analysis of the figures in the 2022 Coram Childcare Report and the 2023 Coram Childcare Report show a fall of £234 for parents paying for 25 hours of childcare a week.

The figures show an average fall of £2.08 a week for children under 2, meaning an annual fall of £108.16 for parents across the East Midlands.

The figures show an average fall of £4.50 a week for children under 2, meaning an annual saving of £234 for parents across the East Midlands.

Liberal Democrats said the Conservatives are neglecting "cash-strapped young parents" who are seeing their income squeezed even more by the cost of living crisis. The party are calling for more help with the cost of living to allow parents to get back to work through help with childcare.

Cllr Emily Lonsdale, Liberal Democrat Spokesperson for children and young people in Derby said:

"The huge increase in costs of living is hitting cash-strapped families in Derby and the East Midlands which more than offsets the modest reduction we see in our region in the costs of childcare.

"The UK already has some of the highest childcare costs in the world. Parents up and down the country are struggling to afford their nursery fees, while for others the crippling costs of childcare mean they simply can't afford to return to work.

"The Government needs to address this childcare crisis urgently and invest properly in our children's future.

"The Liberal Democrats believe parents across the East Midlands deserve a fair deal with quality childcare provision for all, giving children the best start in life and parents more choice about when to return to work."

ENDS.

Notes :

Figures compared between Coram Childcare Survey 2022 and Coram Childcare Survey 2023