Childcare costs have risen by two thirds since 2003, when the first annual Cost of a Child Report was published, survey for insurer LV= has found.
- 76% of parents said they have been forced to make cutbacks to meet the financial demands of raising a child, more than a quarter are cutting back on food, and over half of them are using vouchers and discount codes
- Parents spend an average of £19,270 on food and £16,195 on holidays per child
- Costs have risen in all areas of expenditure apart from clothing, which has seen a 5 per cent drop since 2003
More top news
Oxford Circus has been evacuated after armed police responded to an incident.
Coleen Rooney said she is trying to make her marriage to the footballer work as she addressed divorce rumours in a defiant Facebook post.
Women serving time at a prison in Rio de Janeiro have swapped their jail cells for the catwalk as they took part in a beauty pageant.