• The most affordable cities for working parents revealed

        • The latest research from creche integrated flexible workspace, Cuckooz Nest, has looked at which cities across the UK provide the best option for working parents based on the cost of childcare as a percentage of the salary on offer. 

          Cuckooz looked at the average weekly cost of childcare in 20 major UK cities, as well as the average weekly earnings after tax in each city, before doubling this to account for both parents to see where offers the most affordable option once maternity or paternity leave is over both parents must return to work. 

          Across the UK, the average weekly cost of childcare is £371.50, meaning those parents that both want to return to work are forking out 41.1 per cent of their earnings on nannies, childminders, babysitters or nurseries. 

          Topping the table for the lowest percentage of earnings spent on childcare is Plymouth, where it costs on average £290 a week. With the average weekly pay in the city hitting £426 a week after tax, this equates to £852 for two parents with childcare accounting for 34 per cent of this. 

          Not far behind is Portsmouth with an average childcare cost of £323 a week accounting for 35.7 per cent of weekly earnings, with nearby Southampton also one of the most affordable with 36.5 per cent of weekly earnings spent on childcare.  

          Birmingham (36.9%), Cambridge (37.5%), Oxford (37.5%), Sheffield (37.9%), Aberdeen (37.9%), Edinburgh (38.6%) and Glasgow (39%) also place in the top half of the table.

          Of course, London is home to the highest proportion with a whopping 43 per cent of a couple’s weekly earnings spent on childcare in the capital.

          Charlie Rossier, Cuckooz Nest co-founder said, “it’s no secret that wage growth has fallen way behind the escalating costs of goods and services and childcare is no different with many parents struggling to find an affordable option when returning from maternity or paternity leave. 

          “While this research shows that Plymouth offers the best option in terms of affordability, the fact that 34 per cent of a family’s weekly income is still spent on suitable childcare is quite frankly eye-watering. If they opt for a nanny then they also have the PAYE responsibilities that come with it, as well as holiday pay.

          “Something needs to give whether it’s direct financial help, an uplift in earnings, or the provision of more flexible childcare options in the workplace. This is something we believe in strongly at Cuckooz Nest and we will continue to campaign for it until the financial barrier of returning to work is lowered for parents across the nation.” 

        • Stay up to date - Click here and register for FREE OEN online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the OEN app

        • Related Articles

        • Retailers still too complacent about digital transformation

          Retailers still too complacent about digital transformation

          Tuesday 20th Jul 2021 by clareb
          New research has revealed that the retail industry is dangerously underestimating the role that technology will play in building a sustainable operation that can thrive in the face of future pandemics, climate crises, and economic and political insta...Read More...
          UK workers hesitant to return to the office

          UK workers hesitant to return to the office

          Monday 19th Jul 2021 by clareb
          New research commissioned by Chargifi has revealed that despite restrictions being lifted, office workers in the UK are resistant to a full-time office return. The survey of 1,500 UK and US office workers found that over half of British workers...Read More...
          Hybrid working - don’t fake it to make it

          Hybrid working - don’t fake it to make it

          Wednesday 7th Jul 2021 by clareb
          Hybrid working should be viewed as one positive outcome of the pandemic, an opportunity for companies to revolutionise working practices and empower employees to improve their work-life balance.  Dan Harding, CEO, Sign In App explains...Read More...
                • About Us

                  OEN is the leading source of business news and information for buyers of office equipment, supplies and services within mid tier and up sized organisations. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, bespoke guides and supplements, website, digital editions, apps, and newsletters with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the print version of OEN last year celebrated its Diamond anniversary.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue