Childcare costs prohibit working mums
It has been revealed by The Daycare Trust that on average UK mums are paying in excess of £8000 a year for a full-time nursery place for their child. Despite a number of assurances by the UK government that working mums will be accommodated via various allowances and tax incentives, it would appear that many of these promises have yet to materialise into the real world. Headline after headline suggests that UK mums are being welcomed back into the workplace when in reality not only are nursery places very scarce but they are very expensive as well.
The Daycare Trust has also revealed that nursery costs are rising significantly higher than the current rate of inflation which effectively means that year by year they are rising in real terms. The fact that money has never been tighter in many homes across the UK could in due course push more working mums out of the workplace and back full-time looking after their children.
Childcare for working parents has been a problem for some time and despite a number of attempts to resolve some of the major issues such as cost and availability it would seem on the surface that very little progress has been made over the last few years.
Share this..
Related stories
Anglo Irish shareholders dismayed by loans to directors
Anglo Irish bank, which was recently nationalised by the Irish government, is this evening at the centre of a potentially enormous financial scandal. The bank was on the verge of collapse earlier this week and the Irish government was forced to move in and nationalise the business for the foreseeable future. While the Irish authorities received much praise from the international community there ar...
Read MoreNationwide cuts rates again
Nationwide will cut some of its fixed rate and tracker deals by up to 0.46 per cent, the firm has announced.The move is an example of further positive sentiment in the UK mortgage market, and marks Nationwide's second reduction of rates in two weeks.Other lenders including HSBC have also announced recent reductions, while the sector has also been buoyed by takeover news from Alliance & Leicester.T...
Read MoreGas supply companies rebuked by Ofgem
The energy regulator Ofgem has today issued a stinging rebuke for UK gas supply companies confirming that it expects UK consumers and UK businesses to benefit from the fall in the wholesale price of gas. While acknowledging that many energy companies have been forced into large investment programmes over the last few years, with many still recovering from significant losses of years gone by, there...
Read More'Choose accounts without passbooks for best returns'
Savers seeking the best rates of interest on their cash have been advised to opt for accounts without passbooks. Researchers from price comparison site Moneysupermarket.com found that the average rate offered on an easy access savings account with a passbook stands at 3.84 per cent on balances of £1,000 or more. However, by opting for an account which does not provide the book, savers can secure...
Read MoreYounger drivers more cautious about old bangers
People aged between 18 and 34 are more cautious when making car purchases than older drivers, researching more and taking advice, according to new research.Experian reports that while 40.6 per cent those between the ages of 18 and 34 discuss their potential purchase with friends, only 19.5 per cent of buyers over the age of 35 do the same.Over 26 per cent of younger buyers take recommendations fro...
Read More