Thursday, May 14, 2009
Category:
Secured Loans
The cost of childcare has soared in the last few years, leaving many parents finding it difficult to find affordable help, Money News has reported.
A recent report shows that childcare costs have risen above the rate of inflation for the last three years.
Keeping a child younger than two in a nursery costs an average of £134 a week, compared to £128 in 2005.
Working parents are being stretched by the costs, the charity says, with some nurseries taking £13,500 a year per toddler, leaving many parents considering a secured loan to cover the high costs.
The government has been called on to help meet the charges through Childcare Tax Credits.
