March 4, 2014
Average UK working parents now spend more on childcare than mortgages
Last month we questioned the financial wisdom of going to work for Britain’s working parents. Today the question became even more vexed as it emerged they typically pay childcare costs equivalent to over a quarter of the UK average salary. A report from the Family and Childcare Trust says that to have one child in a part-time nursery and another in an after school club would cost £7,549 each year. Not only does this represent 28 percent of the average salary of £26,500 and is more than an average mortgage which is £7,207 per annum. For those with full time childcare the costs are typically £11,700 per year. The report also notes that childcare costs have increased by over a quarter over the last five years and even the Government’s ongoing commitment to childcare is failing to alleviate the situation.
April 29, 2024
Workers may have new rights to request flexible working, but let’s not celebrate too soon
by Molly Johnson-Jones • Comment, Flexible working
The new flexible working rules which came into force this month have been touted as a win – normalising and bringing clarity to the world of flexible work. However, in reality, they will do the very opposite. Under the new rules, workers now have the right to request flexible working from day one of employment. However, employers can take up to 2 whole months to respond to requests, and they do not have to be clear about their stance on flexible work beforehand. This is a huge oversight. Many workers rely on flexible working, and therefore need to know if arrangements are possible before they start new roles. Employers must be clear about their approach to flexible working from the outset, if we want to normalise flexibility in a way that allows both businesses and workers to benefit. More →