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Families in the U.K. now pay more aboutafterbyforinofonon top oftotop childcare than aboutafterbyforinofonon top oftotop their mortgage. The annual costs aboutafterbyforinofonon top oftotop raising children are now outstripping yearly housing loan repayments. This is according aboutafterbyforinofonon top oftotop a survey conducted aboutafterbyforinofonon top oftotop Britain's Family and Childcare Trust. The organization says that in some parts aboutafterbyforinofonon top oftotop the country, nursery fees have risen aboutafterbyforinofonon top oftotop 13 per cent aboutafterbyforinofonon top oftotop the past year. The cost for babysitters and child-minders has risen by an average of four per cent. The report's author Jill Rutter told the Nursery World website that her findings showed that childcare in the U.K. is becoming less and less affordable aboutafterbyforinofonon top oftotop families. She also said an insufficient number aboutafterbyforinofonon top oftotop places in nurseries shows the U.K.'s system isn't working.

The report could well make would-be parents think twice aboutafterbyforinofonon top oftotop starting a family, or about the number aboutafterbyforinofonon top oftotop children they have. A family of four with one child attending a nursery and another in an aboutafterbyforinofonon top oftotop-school club spends an average aboutafterbyforinofonon top oftotop $12,571 a year. This compares aboutafterbyforinofonon top oftotop the average yearly housing loan payments of $12,000. Families are now spending a quarter of their income aboutafterbyforinofonon top oftotop childcare. This does not include the costs of feeding, clothing and entertaining children. There are also the costs aboutafterbyforinofonon top oftotop toys, books and electronic gadgets aboutafterbyforinofonon top oftotop that. The chief executive of the Trust warned that when many parents have to spend more than a quarter of their income aboutafterbyforinofonon top oftotop childcare, it's clear that the system "isn't fit aboutafterbyforinofonon top oftotop purpose".