Property News · March 28, 2015

I spend £9,000 a year on childcare – where does it all go?


Parents could be forgiven for wondering why they have to pay so much. Now, one nursery has opened up its books – and they tell a fascinating storyChildcare costs: the UK and Ireland are worst on priceChildcare for my two-year-old son costs £9,000 a year for a nursery in a somewhat ramshackle old building in the east Midlands. Like many parents I wonder where on earth the money is going. But in a remarkable act of transparency, the nursery has thrown open its books, warts and all – and it is extraordinary to see where the cash really goes.My son attends Castle Lane Day Nursery in Market Harborough, Leicestershire, which is independently run by friends Vikki Underwood, 47, and Harriet Wakefield, 27, who took over the struggling business three years ago by borrowing £10,000 each from “the bank of mum and dad”. The nursery only has an Ofsted rating of “satisfactory”, which may put off some parents. But I chose it because it was immediately obvious that staff morale is high and that they all care deeply for the 235 children on their books. Continue reading…

Source : theguardian.com
Read more…I spend £9,000 a year on childcare – where does it all go?

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