UK opposition Labour Party leader Jeremy Corbyn has said he will allocate 5 billion pounds to reduce the cost of childcare for families, regardless of their income, if the party forms a government in Britain.
“Opportunity matters most in the earliest years of life. It is a crucial time to open up children’s life chances. Driving up standards of childcare will make that vital difference for millions of our children,” Corbyn said in his keynote speech at his party’s annual conference in Liverpool on Wednesday.
The pledge is likely to prove popular with the cost of childcare in the UK being the highest in developed countries.
Parenthood is an expensive business in the UK. Research indicates that the cost of raising a child to the age of 21 is 230,000 pounds – more than the price of an average semi-detached house in Britain.
Hence living on just one income is not feasible for the majority of British households. Even grandparents are…