Raising a child 'costs £222,000'

Parents are paying nearly two thirds more than they were a decade ago to raise their children. The cost has risen to £222,000 to raise a child until the age of 21, according to a survey for insurer LV=.

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London is the most expensive place to raise a child in the UK

London is still the most expensive place to raise a child to the age of 21, costing a parent more than £239,000.

For the past decade, London has been the most expensive place to raise a child in the UK Credit: Stefan Rousseau/PA Wire

The South East of England is the second most expensive, followed by the East of England.

The South West has seen the biggest rise in childcare costs, with parents paying over £100,000 more than they were ten years ago.

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