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A perfect storm for families and childcare?

3 mins read The Early Years Blog
The cost-of-living crisis combines significant challenges for household budgets and for businesses’ finances alike.
James Hempsall is director of Hempsall’s Consultancy. Picture: Hempsall's
James Hempsall is director of Hempsall’s Consultancy. Picture: Hempsall's

Everyone is taking a new close look at all income and expenditure and making informed choices about essential and desirable actions to bring in revenues and to control the scope, scale, and timing of expenditure. If they aren’t, then they should be. 

Ballooning inflation, escalating energy costs, growing labour costs, and their effects on the cost of goods and services all add up to changing costs for almost everything.

In the childcare sector we have been concerned with the squeeze on our income and outgoings for years. We have been juggling the various changes in government funding programmes and their associated rates, whilst reconciling the rules and regulations for charges for non-funded commercial services.  

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