Parents face shock rise in childcare costs as government cuts bite

Up to half of nurseries set to close or reduce services they offer, survey warns Parents will be forced to pay higher fees for childcare this year because of a lack of government funding, new research suggests. Nurseries and childminders are being driven out of business, while staff feel stressed, demoralised and even suicidal. The burden of higher wage bills while subjecting them to a real-terms funding cut. A survey of EYA members, seen by the Observer, suggests two-fifths are likely to reduce staff over the next year as a result of this under-funding. Nearly half of providers fear they will go out of business in the next 12 months and 81% say they are so stressed about financial viability …