News

Back to school costs reach £2.5bn

Parents spend an average of £240 per child preparing for the new school year, a study has claimed.

The research calculates that the cost of heading back to school for parents across the UK has reached £2.5 billion a year. This includes clothes, books, stationery and other necessities.

The research, which has been commissioned by Santander, also claims that the cost of keep under-18s across the UK in school once term begins totals £526 million a week – roughly £50 per child, per week.

Weekly school costs include packed lunches, bus fares, school trips and after-school clubs and activities.

The figures are for the 2014/15 academic year and are up seven per cent on similar research from 2013/14, when the cost of preparation was £224 per child.

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