Opinion: The childcare crunch

Many people are asking me about the recession and how I think it will affect the childcare sector. Having lived through three such recessions over the last 20 years, I can only say that predictions from even the finest economists, let alone businessmen, are little more reliable than promises made by snake-oil sellers at a village fair. But this is how I see matters. Basic reasoning suggests that while the job market remains relatively unaffected, any attack on family income is likely to force more parents back...