I don't think childcare is expensive for what it is.
I have a part time nanny, and although she is obviously at the more expensive end of the childcare range, and is pretty well paid for a nanny round here as well I feel I get excellent value for money. She looks after my DS in an exemplary manner, giving me total confidence in his well-being and happiness, and also does all his laundry, leaves the house immaculate and cleans his bedroom.
So although it's a lot of money to pay, it's worth every penny reflecting the work she does and the responsibility she takes.
The question is really not whether childcare is too expensive, but whether or not the government should subsidise it further than it already does, to enable more parents to be able to better afford good quality childcare.
Lots of people who think parents or a parent should stay at home to look after small children already criticise the government anyway for any attempt it makes to encourage women to go back to work after maternity leave/not fund them staying at home longer.
Also to consider is where on earth money would come from for further subsidies. With so many people being made redundant, therefore not paying tax and instead claiming benefits, and companies either going bust or not doing as well, therefore not paying as much tax, the benefits system must be creaking at breaking point by now I would have thought, with a lot more going out and a lot less coming in than a few years ago.
With over 2 million jobless at the moment, throwing money at childcare to enable parents not currently working to get back in the workplace adding to the numbers of people seeking a reducing number of jobs would I imagine be criticised as poor prioritising.