UK's fertility rate falling faster than any other G7 nation
The UK's fertility rate has dropped 18.8% since 2010, primarily due to austerity measures, leading families to reconsider having children and affecting school place demand, with potential economic adjustments anticipated.
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The UK's fertility rate has declined by 18.8% since 2010, the fastest drop among G7 nations, according to research by the Centre for Progressive Policy (CPP). This decline is attributed primarily to austerity measures implemented in the country, which have disproportionately affected poorer regions. The CPP's interim CEO, Ben Franklin, noted that while previous fertility declines were linked to higher education and income levels among women, the current trend is largely driven by economic hardship. The falling birth rate raises concerns about future economic implications, including a potential imbalance between pensioners and the working-age population. In 2022, the number of births in England and Wales reached its lowest level in two decades. Families are increasingly citing financial constraints as a reason for not having more children, with some parents expressing a desire for larger families but feeling unable to afford them. Additionally, lower birth rates are contributing to a decrease in demand for school places in areas like London. While some experts believe the concerns about declining fertility are overstated, they acknowledge that economic adjustments may occur, such as increased participation of older individuals in the workforce.
- The UK's fertility rate has fallen by 18.8% since 2010, the largest drop in the G7.
- Austerity measures are considered the main factor behind the decline.
- Financial constraints are leading families to reconsider having more children.
- The drop in birth rates is affecting school place demand in certain regions.
- Experts suggest that economic adjustments may mitigate the impact of a declining working population.
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