'Childcare costs outstrip mortgage'

Updated
File photo dated 08/02/12 of a child playing. Families are paying more on average for part-time childcare than they spend on their mortgage, according to a new report. PRESS ASSOCIATION Photo. Issue date: Tuesday March 4, 2014. It reveals parents are handing over more than ?7,500 a year for childcare for two children, around 4.7% more than the average mortgage bill. The report, by the Family and Childcare Trust, also suggests that some families may be spending more on childcare than they do on their weekly shopping. See PA story EDUCATION Childcare. Photo credit should read: Dominic Lipinski/PA Wire

%VIRTUAL-SkimlinksPromo%Families are paying more on average for part-time childcare than they spend on their mortgage, according to a new report.

It reveals parents are handing over more than £7,500 a year for childcare for two children, around 4.7% more than the average mortgage bill.

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