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Transcripts For BBCNEWS Talking Business 20240707

where the skies are clear and the winds are light, east anglia and the south east. some of the countryside is close to freezing tomorrow. it will feel cold but a lot of sunshine continues during the day. northern ireland and scotland, the rain moves through with strong winds, even severe gales in the western isles. some of the rain reaching cumbria and anglesey in the afternoon. most of england and wales will be dry and a touch milder here. the headlines. police say ten people have been killed and eight injured in an explosion at a petrol station in county donegal, in the republic of ireland. a massive fire has severely damaged the strategically important road and rail bridge connecting occupied crimea to russia. ukrainian officials say they ve found two mass burial sites in the recently liberated town of lyman one with around 200 graves. now on bbc news, talking business. hello, everybody. a very warm welcome to talking business weekly, with me, aaron heselhurst. let s tak

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Transcripts for BBCNEWS Talking Business 20240604 00:36:00

there s also the economic argument. we invest a lot in women s education and training, but we don t get the return for that investment, which we should be getting. for instance, in the european union, 60% of university graduates are women. but then you go and look for them as they grow older, and are of the age of having a family, and you don t find them on the radar of the labour market because there isn t affordable childcare for their children and therefore they have to stop working or work part time. so there s the economic argument and there s the moral argument. now, the targets which we have, the barcelona targets, were proposed in 2002, so that s 20 years. now we ve raised the targets up to 50% for childcare for children under three years, and then 96% for children from three years to before actual school age, obligatory school age, so those

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Transcripts for BBCNEWS Talking Business 20240604 00:33:00

government provision, affordable places, subsidised places, where that provision is also weakest. so we see parents paying out to go out to work, particularly when looking to return from maternity leave, before the kind of free hours offer that we see in countries like england or across the uk kick in, and we know that childcare costs are placing an enormous strain on families budgets but also on families in the round. so we know that where there isn t affordable childcare in place, where you can t get a childminder locally, where you can t get your child into a nursery that you think they d be happy in, it either means that parents take the strain on themselves, they either reduce their hours in the workplace, or they leave the workplace altogether to care full time for their children. women are still massively the ones to carry the burden of care. in fact, the oecd, that s the organisation for economic co operation and development, says that women are three times more likely to take

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Transcripts for BBCNEWS Talking Business 20240604 00:41:00

care responsibilities due to gender stereotypes and cultural and societal expectations. that s how it is. whereas men still do not take up parental leave. and helena, let me end on this. it s a tight, very tight labour market right now. and that makes the case for childcare even greater. but i m wondering, isn t the low wages associated with that industry, isn t that going to put people off thejob? any area where there are many women, and in this area there s 90% of women who are working there, is always left on the back burner. we can say that from experience. so really we need to attract more men to the sector we all will need care, either if it s childcare, either when we are older or maybe we have elderly parents. we can have a person close

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Transcripts for BBCNEWS Talking Business 20240604 14:43:00

unavailable or too expensive. and then women take it on themselves. and women also more often have care responsibilities due to gender stereotypes and cultural and societal expectations. that s how it is. whereas men still do not take up parental leave. and helena, let me end on this. it s a tight, very tight labor market right now. labour market right now. and that makes the case for childcare even greater. but i m wondering, isn t the low wages associated with that industry, isn t that going to put people off the job? any area where there are many women, and in this area there s 90% of women who are working there, is always left on the back burner. we can say that from experience. so really we need to attract

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