Support 100 years of independent journalism.

  1. Business
19 August 2013updated 22 Oct 2020 3:55pm

“A stark picture of families being squeezed”

Business quote of the day.

By Raymond Doherty

“A stark picture of families being squeezed by rising prices and stagnant wages”.
 
Alison Garnham, chief executive of Child Poverty Action Group, on news the cost of raising a child has risen by 4 per cent in the last year to almost £150,000.
 
The research published by Garnham’s organisation found it now costs a minimum of £148,000 to bring up a child to the age of 18 and including minimum childcare and housing.
 
“Every parent knows it’s getting harder to pay for the essentials their children need, and they don’t feel like politicians see them as a priority.
 
“Child benefit and child tax credit have been cut at the very time families need them most. Families are getting worse off and parents know it.”

Sign up for The New Statesman’s newsletters Tick the boxes of the newsletters you would like to receive. Quick and essential guide to domestic and global politics from the New Statesman's politics team. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s global affairs newsletter, every Monday and Friday. A handy, three-minute glance at the week ahead in companies, markets, regulation and investment, landing in your inbox every Monday morning. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A weekly dig into the New Statesman’s archive of over 100 years of stellar and influential journalism, sent each Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy