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Tuesday, 4 March 2014

Solving 2 problems for the price of one

Many parents in Britain are paying more for childcare annually than the average mortgage bill, according to a report. The Family and Childcare Trust's annual report says average fees for one child in part-time nursery and another in an after-school club are £7,549 per year. Full-time childcare cost for a family with a two-year-old and a five-year-old child are estimated at £11,700 a year. The report compares the costs to the average annual UK mortgage payment, which was estimated at £7,207 in 2012.Two-thirds of households in England affected by the bedroom tax have fallen into rent arrears since the policy was introduced in April, while one in seven families have received eviction risk letters and face losing their homes, a survey claims. The National Housing Federation (NHF) said its survey demonstrated that the bedroom tax was "heaping misery and hardship" on already struggling families who were unable to pay their rent but unable to find anywhere cheaper to live because of a shortage of smaller homes.

I think I may have an answer

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