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Getting your money's worth

How much are the UK's nannies earning? Oh, about Pounds 640m, as a whole. That is the figure put on the value of the nanny sector within the childcare market - which is worth 3.79bn overall - in a report published last month by market analysts Key Note. Researchers arrived at nannies' value using a complicated calculation involving estimated numbers of nannies, children and working mothers in the UK, and the average costs of a nursery place against the average salaries of nannies.
How much are the UK's nannies earning? Oh, about 640m, as a whole.

That is the figure put on the value of the nanny sector within the childcare market - which is worth 3.79bn overall - in a report published last month by market analysts Key Note. Researchers arrived at nannies' value using a complicated calculation involving estimated numbers of nannies, children and working mothers in the UK, and the average costs of a nursery place against the average salaries of nannies.

Meanwhile, next month the National Minimum Wage goes up - to 4.10 an hour for workers aged 18 to 21 and 4.85 an hour for those aged 22 and over, with a new rate of 3 an hour for 16- to 17-year-olds.

Remember these rock-bottom figures in your next negotiations with an employer to make sure your pay isn't just a drop in the ocean.