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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Lloyds Banking Group    LLOY   GB0008706128

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Lloyds Banking : Bank of Scotland-RELATIVES SAVE SCOTTISH PARENTS ALMOST GBP3,000 ON CHILDCARE COSTS EVERY YEAR

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08/21/2017 | 03:58pm CEST

Release date- 21082017 - Childcare provided for free by relatives is giving an approximate GBP2832* annual boost to Scottish families, according to the latest 'How Scotland Lives' research from Bank of Scotland.

The Bank of Scotland research polled more than 2,000 people across Scotland to get under the skin of the issues that really matter to Scottish people, from housing to happiness and schools to financial security.

The study found that almost half (48%) of Scottish families rely on relatives to provide some element of their childcare, whilst only one in ten (10%) families turn to paid childcare workers to provide part of their childcare.

The research found that family members spend an average 13 hours a week providing childcare. With the average cost of childcare in Scotland now GBP4.19 an hour for each child1, this equates to a saving of approximately GBP2832 a year per child.

When asked, over a half of grandparents (54%) said that they helped provide childcare for their grandchildren. Grandparents were found to provide the most amount of childcare, at seven hours per week, with other relatives making up the balance, providing six hours of childcare each week.

Children spend a similar amount of time with paid childcare workers - an average of 14 hours per week.

Mike Moran, Director Bank of Scotland, said, 'Starting a family is an exciting adventure, but also comes with plenty of challenges.

'Childcare costs can soon mount up so having the support of the wider family can ease financial pressure and give parents the opportunity to be more flexible when it comes to work commitments.

'Creating a budget that includes all household outgoings including childcare costs can help families manage their money.'

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials ( GBP)
Sales 2017 18 279 M
EBIT 2017 8 739 M
Net income 2017 3 683 M
Debt 2017 -
Yield 2017 6,28%
P/E ratio 2017 11,99
P/E ratio 2018 10,13
Capi. / Sales 2017 2,51x
Capi. / Sales 2018 2,49x
Capitalization 45 959 M
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Lloyds Banking Group Technical Analysis Chart | LLOY | GB0008706128 | 4-Traders
Technical analysis trends LLOYDS BANKING GROUP
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 0,74  GBP
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
António Horta-Osório Group Chief Executive Officer & Executive Director
Norman Roy Blackwell Chairman
Karin Cook Director-Group Operations
George Mark Culmer Chief Financial Officer & Executive Director
Anita Margaret Frew Deputy Chairman
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