Business Maverick: UK mothers say it no longer makes financial sense to work

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Three-quarters of women paying for child care in the UK say it doesn’t make financial sense for them to work, according to a new report that could spark concerns about a labour market already under strain.

For around a fifth of parents, childcare costs account for more than half their household income, a report released on Thursday by charity Pregnant Then Screwed showed.for child care in the Organisation fro Economic Cooperation and Development, mothers of young children are having to weigh the economics of staying in the labour force.

“It’s important to remember that this isn’t just a parenting issue, this is an issue for the whole of society,” said Joeli Brearley, founder and CEO of Pregnant Then Screwed in an emailed statement. “The question isn’t whether we can afford to invest in childcare, it is whether we can afford not to.”

As part of a campaign to push the government to boost investment in the sector, Pregnant Then Screwed will issue the sound of a baby crying from billboards on Friday.

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I'm not saying it's good, but at a 120% towards child care, just stay at home. You've saved 20% right there. Jokes aside, my UK staff are paying £55k a year for nannies. It's crazy.

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