London's Poverty Profile has been created by one of the London's largest charitable funders, Trust for London, and the independent think tank, New Policy Institute.
Childcare costs rising up to 20 times faster than wages
A new survey from the Daycare Trust found that the average cost of nursery care in Britain for children under two rose by nearly 6% last year. In contrast, average wages rose by just 0.3%.
The Daycare Trust's annual survey of childcare prices also show the costs of child minders and of nurseries for children over two years old increased by nearly 4%.
The report also includes analysis of government figures which shows that, following recent eligibility changes, 44,000 fewer families received childcare tax credits last year - while those who still get it receive an average of £500 a year less.
Nurseries in London and south-east England were most expensive, with a top price of £300 a week for a part-time place.
Read more from the Daycare Trust.
Find out more about childcare availability in London boroughs.
Posted on 28 February 2012
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