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Podcast: Beyond Currency
Episode: 10 March 2023 - Childcare costs are out of control
Description: The economy is losing around twenty-five billion pounds annually from the number of (mostly) women who are unable to return to work due to the cost of childcare. The Chancellor is under mounting pressure from his own MPs to provide further support to this sector of the economy in his forthcoming Budget, which he will deliver to the House of Commons next week.
Another area of the economy that is failing, according to Andrew Bailey, is the number of workers who have opted to take early retirement rather than return to work following the recession.
According to Bailey, the UK...