£90,000 – the amount it costs to raise a child by the age of 11

THE cost of raising a pre-secondary school child has risen to more than £90,000, according to new figures.

The average annual cost of raising a child up to the age of 11 in Britain has increased by £1,085 in the last five years, up 15 per cent from £7,222 in 2007 to £8,307 in 2011, the study by Halifax suggests.

Inflation, as measured by the Retail Price Index, rose by 18 per cent over the same period, with parents spending just under a fifth (18 per cent) of their income on bringing up their child.

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Schooling made up the largest increase in spending, including money for uniforms, class materials, school trips and lunches, which are estimated to have increased by 24 per cent from £684 a year in 2007 to £849 in 2012, the building society said.

The costs of nursery and child-minding accounted for the second largest increase, which have grown by 22 per cent to £3,346 in 2011.

This typically accounted for 40 per cent of the total annual expenditure incurred by parents when raising their offspring, while the nursery and child-minding combined with schooling accounted for half of the total annual expenditure.

Spending on food and holidays fell in real terms with parents spending £889 feeding their children in 2011, an increase of 14 per cent from £780 in 2007, while spending on children’s holidays rose by 16 per cent to £740 during the same period.

Spending on children’s clothing fell from £602 in 2007 to £513 in 2011, or 15 per cent.

However, “heavy discounting” among retailers to cope with the economic downturn could have had an impact on the figures, the report said.