National insurance rises are not the only threat to nursery profits, says Mary Evans
Thousands of childcare employers and workers are belatedly waking up to the fact that profits will be hit and pay packets reduced as a result of last month's hike in national insurance contributions.
Although leading figures in the profession had warned about the impact of the NI increases, announced in last year's budget, it is clear from readers' calls to Nursery World that some employers and workers were caught unawares by the changes.
It is estimated that childcarers will be about 100 a year worse off, and Rosemary Murphy, chief executive of the National Day Nurseries Association, predicts the increase in employers' NI contributions will cost the sector around 7 million a year.
Register now to continue reading
Thank you for visiting Nursery World and making use of our archive of more than 35,000 expert features, subject guides, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's included
-
Free access to 4 subscriber-only articles per month
-
Unlimited access to news and opinion
-
Email newsletter providing activity ideas, best practice and breaking news
Already have an account? Sign in here