The cost of housing, childcare, the measly sum provided for maternity leave and rising rates of pregnancy and maternity discrimination means that for many, having a child is financial suicide.
“It is no surprise to us that fertility rates have hit the floor, as procreation is fast becoming a luxury item in London,” says Joeli Brearley, founder of Pregnant Then Screwed.
Nursery costs in London are already some of the highest in the world and the influx of private equity into the sector means the pressure is on to maximise profits even further.
Maternity wards and schools will close and we could see even more care homes open in their place to cater for the city’s ageing population.
“Childcare costs are crazy, bills would become more expensive due to the extra water, heat and electricity being used, and if I wanted to move to a house to raise a child in, forget it.
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