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I feel like I'm missing something.
What is the current situation with the wages at the nursery that looks after your children. Are they unacceptably low and the workers there deserve to be better paid or are they currently getting a fair wage but Labour want to increase them to something unreasonable? Because if its the latter, then I completely accept your point. But if its the former then aren't you currently benefiting from the exploitation of others?
And as an aside, if £300 is going to decimate your household finances, this does suggest another potential looming disaster for you. If Labour get in then you're on the hook for that at the nursery but if the Conservatives get in then we're almost definitely going through with Brexit unchecked. By the government's own assessment, even with a "deal", this could very easily increase household costs by more than £300 pm. So given that you're almost definitely paying that £300 either way, a) what plans are you making to resolve this increase burden on your personal finances and b) who would you rather the money goes to; nursery workers who care for your child or the machinery of taxation and economic shift, both domestic and foreign, that will also place a burden on the aforementioned nursery workers?
I haven't gone through the figures with a tooth comb but the nursery owner is probably about right if you take into account the increases in wages and pensions he will have to wear.
Pretty depressing really. Lots has been promised by everyone across the board but it's stuff like this that reminds you that someone has to actually pay for it all.