In the Budget, Chancellor Rachel Reeves revealed employer’s NICs will rise by 1.2 percentage points to 15 per cent from April next year.
Many early years providers have warned that any increases which are not covered by a rise in funding rates for the expanded childcare offer will lead to them having no choice but to raise fees for parents in order to keep their businesses from closure.
Moreover, findings from a Nursery World survey published this week suggest Budget measures could deepen the sector’s longstanding recruitment and retention crisis, affecting settings’ ability to take part in the expanded hours offer and putting the policy at risk.
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