Rising childcare costs 'keeping parents from returning to work', report suggests

14 Apr 2023

A report carried out by recruitment firm Indeed Flex has suggested that rising childcare costs are keeping mothers from returning to the workplace.

In the 2023 Spring Budget, Chancellor Jeremy Hunt announced an expansion of the 30 hours free childcare initiative to children over the age of nine months.

The report found that one third of working mothers spend over 30% of their wages on childcare. Two in five mothers polled said that the government's free childcare expansion will be enough to allow them to go back to work. However, a similar sized proportion of mothers believe that childcare costs are still too high, despite additional government help.

Novo Constare, Chief Executive of Indeed Flex, said: 'Nursery and childminder costs can swallow a huge chunk of new parents' earnings, and with the current cost-of-living crisis squeezing every household's budget, it's no surprise that some women are put off going back to work.

'It is encouraging that the government recognises the childcare dilemma facing working parents. Nevertheless, many women still feel the measures announced in the Budget don't go far enough.'

Home | Contact us | Accessibility | Disclaimer | Terms & Conditions | Help | Site map |
© 2024 Reza Samii. All rights reserved.
Reza Samii Chartered Accountants, 5 Calico Row, Plantation Wharf, Battersea, London SW11 3YH


Registered to carry out audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors for Ireland, Under reference number C007390233.

We use cookies on this website, you can find more information about cookies here.