Childcare costs in the UK already make up 19 per cent of average income, but national insurance contributions will drive nursery fees even higher, finds industry group
UK among top five most expensive countries for childcare – as nursery fees set to rise again
The government’s hike in employer national insurance contributions (NICs) has left 96 per cent of nurseries planning to increasing fees, while UK parents already face some of the highest childcare costs in the world.
According to a survey of 728 nurseries nationwide by the National Day Nurseries Association (NDNA), one in six estimate that they will make a loss this year due to tax hikes.
The impact of higher NICs will force nurseries to raise fees by an average of 10 per cent, pushing the affordability of UK childcare even higher for many parents.
UK among top five most expensive countries for childcare – as nursery fees set to rise again
