Many families eligible for the new two-year-old funding will still struggle to afford their childcare bill, warns new research that finds a quarter of parents will save less than £100 a month.
A survey of 3,396 parents by Pregnant Then Screwed finds that for a quarter, the new two-year-old funding will save them less than £90 a month. One in five parents said they will save less than £50 a month.
The findings suggest that on average, parents will save between £100-£120 or up to £1,440 a year. ‘A far cry from the Government’s estimated savings of £6,500 a year once the offer is fully rolled out’, says the campaign group.
More than 20 per cent of survey respondents eligible for the first phase of the extended entitlement coming into effect from next month, said they are still considering leaving their job or reducing their working hours due to childcare costs.
