Report points to struggle of British parents

A new report has highlighted some of the financial problems being faced by parents around the UK.

Figures from uSwitch.com have suggested that debt management and money worries are forcing millions of parents to work when they would prefer to be at home with their children.

In fact, the past 15 years have seen a 24 per cent decline in the number of stay-at-home mothers and financial demands are believed to be a major reason why this has been so.

Additionally, the money and debt management -related problems do not necessarily end when mothers head back to work because childcare costs are now higher than ever before.

“Economic factors are taking away the choice for many young families today,” said uSwitch.com’s director of consumer policy Ann Robinson.

Meanwhile, the Royal Institution of Chartered Surveyors has suggested that affordable home loans are becoming increasingly hard for British families to find.