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Across Britain as a whole, childcare costs have almost doubled over the last decade. A nursery place for a child aged two or under is now 77 percent more expensive in real terms than it was in 2003. An after-school club is 88 percent more expensive, according to the survey.
Over the last year, London has actually seen a lower percentage increase in childcare fees than some other regions.
The report says that the East of England and the South East saw the biggest rise - with costs drawing towards those seen in London.
- In London, the average cost of a nursery place for a child under two is now £5.33 an hour.
- A parent in London buying 50 hours of childcare per week for a child under two would face an average bill of nearly £14,000.
- Nursery care for children under two in London is 25 percent more expensive than the average across Britain.
- The most expensive nursery in London costs £408.75 for 25 hours childcare per week. Over the year a part-time place would cost more than £21,000 and a full-time place (50 hours) would cost £42,000.
The childcare costs survey, carried out by the Familyand Parenting Institute and the Daycare Trust, asks local authorities to report the price that parents pay for different forms of childcare in their area.
Sharon Hodgson, Labour's shadow children's minister, said David Cameron had created a "childcare crisis".
She said: "On his watch, we've seen costs spiral, support for families cut back and over 400 children's centres close."
A Government spokesman said that the childcare system is undergoing reforms to allow more providers to enter the market.
Anand Shukla, Chief Executive of Daycare Trust and the Family and Parenting Institute said:
Childcare costs in London are the highest in Britain, according to the latest survey by the Daycare Trust and the Family and Parenting Institute.
Parents pay £133.17 for a part-time nursery place for children aged under two years old. That's 25 percent more than the national average of £106.38, and 44% more than the North West of England where costs are as low as £92.22 a week.
New figures from the Daycare Trust show that some parents in London are forking out more for a nursery place than if their child was attending a top public boarding school.
A full time place at the capital's costliest nursery this year will set you back £42,000 - 25% more than a place at a school like Charterhouse which charges £30,574 a year.
There are calls for the government to make affordable childcare a top priority.
The Daycare Trust Institute says London families continue to be hit hardest by the ever increasing costs of nurseries.