The Failing Childcare System Is Costing Our Economy £27bn A Year

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540,000 mums have been prevented from entering paid work due to a lack of suitable childcare CentreProPolicy

It’s clear that a lack of accessible, affordable childcare is driving women out of the workplace, as well as holding back their potential to progress in their careers, earn higher salaries and gain more skills. Not only does this perpetuate the gender pay gap, but it also curbs much-needed opportunities to earn more during a cost-of-living crisis.

At CPP, we see this as further evidence that childcare is infrastructure: it allows people to go to work, to access better skills and earnings, and to contribute to the economy. That's why CPP is calling on the government to recognise childcare as infrastructure in national spending frameworks, so that it can borrow to invest in provision, just like it can with roads and railways.

 

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