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Childcare: Has it become less affordable? 31 Jan 2007
According to a new survey by the Daycare Trust, the cost of childcare rose by 3% above the rate of inflation last year. Nursery fees cost some parents nearly as much as sending a child to Eton – up to £21,000 per year, and in London the average nanny costs nearly £29,000. Yesterday the Work and Pensions Secretary, John Hutton, set out the government’s intention for more lone parents to return to work. But if childcare is increasingly unaffordable, how realistic is that objective? Who is really hit hardest in terms of childcare costs – low, middle or high income families? And if high income families are spending a large proportion of their salaries on childcare, to what extent is that a cause for public concern? Martha talks to Alison Garnham, Chief Executive of the Daycare Trust and Janet Daley, Columnist for the Telegraph.

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