Nearly one in five, 17 per cent, said they would make a loss, while 14 per cent said their business was at risk.
Nearly all of those surveyed, 96 per cent, said they would increase fees to parents, by an average of 10 per cent.
“Nurseries do not want to be in this awful situation where they are forced to either significantly increase their fees to parents or face an uncertain future, with 14 per cent of nurseries saying their business is at risk.”.
Instead, we are left with a situation where they are increasing statutory employment costs, which impact hugely on nurseries because staffing makes up 75 per cent of their expenditure – but not taking these increases into consideration when paying for childcare places.
Green Party MP for North Herefordshire Ellie Chowns said: “Good quality early years education is vital to tackling deprivation, poverty and inequality but it is clear that the tax and spend policies Labour have opted for are going to make accessing such education harder, especially for the poorest families.
