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.
February 16, 2014
Latest issue of Insight now available to view online
by Mark Eltringham • Comment, News, Newsletter
General Motors Technical Center designed by Eero Saarinen in 1956
In this week’s issue of Insight: we question why so many people still bother going to work given that the costs associated with it keep rising dramatically at a time when pay is standing still; Sara Bean reports from the Workplace Futures conference; we discover why so many construction industry leaders feel the UK Government will fail to meet one of its key targets for the uptake of BIM; Mark Eltringham applauds a Silicon Valley office that takes its design cues from the Jetsons and modernism (and not a slide to be seen); how Google Glass is making its mark at work; and we report on the BIFM’s latest attempts to carve out a more significant role with the launch of new professional standards.