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Rising childcare costs are 'hitting families hard'

27 February 2012 Last updated at 16:49 GMT

Research by the Daycare Trust claims spiralling childcare costs, patchy provision and changes to the tax credit system are hitting working parents like never before.

The charity suggests 44,000 fewer families are getting help with childcare costs since the government introduced changes to tax credits, while nursery costs have risen by nearly 6%.

The government has pledged an extra £750bn towards extending access to childcare.

BBC Radio 5 live Wake Up To Money asked Anand Shukla, the chief executive of the Daycare Trust, what was contributing to rising childcare costs.

To hear other 5 live interviews, please visit the best bits page.