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Rising costs 'blow to families'

Families have been hit by soaring transport and childcare costs, leaving them with a 'monumental' task of trying to earn enough to get by, according to a new report.

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Soaring childcare and transport costs 'affecting families'

  • Childcare: minimum costs have risen by nearly a third. In 2008, child minders outside London charged on average £2.70 an hour; now they charge £3.50. Childcare is families single biggest weekly outgoing.
  • Transport: bus travel has doubled in price since the late 1990s which, combined with cuts to public transport, means families with children now deem a car as an essential for the first time.
  • Tax credits: cuts to tax credits have increased earning requirements substantially, more than cancelling out the benefit of higher income tax thresholds.

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