Labour Party analysis of a Family and Childcare Trust (FCT) report has found that, over the course of the current Parliament, childcare costs have rocketed by 45% in London – with as much as a 36% increase in Enfield North.
Families in London are now paying £2268 more per year than they did in 2010 for a part-time nursery place for children two and over and are paying 39.5% extra for similar nursery provision for a child under 2, despite average weekly wages remaining largely static throughout the capital over the same period.
The FCT’s ‘Childcare Costs Survey 2015’, published on Thursday 19th February, shows that childcare in Enfield North tends to be cheaper than the London average. However, this still means that some parents in the constituency have seen costs for children two and over rise by more than a third, from £97 in 2010 to £132 this year. With the average gross weekly wage for full-time employees in Enfield North at £578, some families are spending over a fifth of their income on childcare.
Joan Ryan, Labour Parliamentary Candidate for Enfield North, said:
“Soaring childcare costs are another example of the cost of living crisis so many families have faced under this Tory-led Government.
Many parents in Enfield North have told me about the financial hardship they face. Since 2010 wages have not kept pace with prices and, as a result, average earnings are down by £1,600 a year. The Tories don’t recognise the pressures many families are under at present.
I am proud that the Labour Party has a better plan for working families. A future Labour Government would extend free childcare from 15 to 25 hours for working parents with three and four-year-olds paid for by an increase in the bank levy; guarantee access to childcare for parents with primary age children through their local school, and tackle the shortage of childcare places, which have dropped by over 40,000 under the Tories, by doubling the number available at Sure Start centres – at least 50,000 more places.”