By Jessica Frank-Keyes London’s economy could be being held back by around £5bn a year due to issues with childcare costs and shortages. Parents, especially women, being unable to work the hours they want – thanks to a “shortage of suitable childcare” – could be restricting growth in the capital amid the cost of living crisis. A report by London’s City Hall has warned “here is some evidence to suggest that a shortage of suitable childcare is having a detrimental impact on London’s economy”. “For some parents, and particularly for mothers, it still does not make financial sense to take on more …
