How Are Parents Coping With the Rising Cost of Child Care?

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The rising cost of child care is having an outsized impact on women. Claire spoke to one mother who was coming to the end of her maternity leave. She calculated that she would have to spend almost all of her £30,000 a year's salary on guess what? The cost of Child Care. So the only alternative she felt she had was to cut her working hours. But it's a sacrifice for her own personal career ambitions.

Big Tech groups are ditching offices that are part of their European headquarters to cut costs and Tesla has fallen below ExxonMobil in stock market value for the first time since 2020. Plus, the FT’s Claer Barrett explains how British families are coping with the sky-high cost of childcare.

Mentioned in this podcast:

US tech giants ditch European offices

Money Clinic Podcast: Childcare in crisis

Tesla share slide sends valuation below ExxonMobil

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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