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Parents Spend Some £10,000 a Year on Childcare, Report Finds

Parents are paying up to £10,000 per year for childcare, according to a new report from the Institute of Fiscal Studies (IFS).

It finds that "a significant minority of parents of younger children" pay high amounts for childcare, with 15% of families with a one-year-old in formal care paying more than £200 a week on childcare, equal to more than £10,000 per year.