London is still the most expensive place to raise a child to the age of 21, costing a parent more than £239,000.
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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The Chancellor will promise to fix a glitch, which means repayments continue to be taken for up to 12 months after the loan is paid off.
The proposal will see the introduction of a discounted railcard for 26-30-year-olds, as the government looks to lessen the cost of living.
The vessel went missing last week with 44 sailors on board.