Is it better for children to have siblings?

Hummus —

There are frequent warnings about how expensive it is to have a child in the UK, but father-of-six and Sticking Up For Siblings author Colin Brazier says scare stories shouldn't detract from the benefits of children having siblings.


Financial service providers - and their press offices - like to treat us to bulletins about the cost of raising a child.


There are several studies each year and they peddle catchy acronyms like Cots (the Cost Of The Sibling).


But it would be naive to assume the authors of these reports are entirely disinterested. Most PR folk in the City are there to plug a product.


In recent years Cots estimates have been running well ahead of inflation. Recently the figure has been put around the £250,000 mark.


So I was relieved this week to see that the Child Poverty Action Group, in tandem with the Joseph Rowntree Foundation, had arrived at an estimate of £150,000. While still eye-wateringly high, it lacks the contraceptive impact of those quarter-of-a-million-pounds scare stories.


I say scare stories advisedly. Because all these studies usually ignore the way costs fall as family size rises.


There are economies of scale to offspring. It will set you back the same to run a bath for one child as it does for three. Children share heat and light, bedrooms and toys. Clothes are handed down.


Sibling discounts can be modest (hotel rooms), or worth thousands (private school fees). An older brother or sister can actually make childhood cheaper, by babysitting in loco parentis or reducing the need for a play-date or expensive excursion.


I've set out to recalibrate the cost/benefit analysis of family expansion, taking not as its starting point the fact that large families are a good thing, but the argument that simply giving an only child a sibling is demonstrably "worth it".


That assertion is the product of five years of work, much of it with Swedish researcher Therese Wallin. We found strong and, at times, compelling evidence, that belonging to a multi-child family has benefits.


Having a sibling while growing up can help a child resist allergies, obesity, and depression. 


Read more: http://www.bbc.co.uk/news/magazine-23778123 


Hmmm, what do YOU think based on your personal experiences?


I think I'll make this as the next poll too.


One Food Bank Opening In UK Every Four Days

lollywood —

Food banks were almost unheard of just a few years ago - now they are being opened in the UK at the rate of one every four days.


For Kenny and Leanne Jones, spiralling debts caused by rising utility bills and high rents led them to the St Andrew's Community Centre in north Liverpool.


The goods they will take home from the food bank there to their four children will mean, for a few days at least, there will be meals on the table.


http://m.sky.com/skynews/article/uknews/16213051


The Revival Guide To Islamic Finance

Beast —

By Irfan Jalil


Islamic finance is a system of monetary trade based on the Islamic principles and jurisprudence. It seeks to create wealth based on partnership and fairness with risks and profits being shared.


Islamic finance, believe it or not, is worth £250bn worldwide. So, clearly, there's a buck to be made. And it's not just about mortgages – multi-million pound global businesses based in Muslim countries increasingly want to base their trade on Islamic principles. Recently, two Kuwaiti companies bought Aston Martin using Sharia-compliant finance.


*Online Exclusive* - Credit Crunch

Beast —

By Irfan Jalil


For the past year and a bit the world has been going through a financial crisis. People have been unable to pay back debts that they owed and now there is less money going around in the world economy. Businesses are going bust. Prices are getting higher and higher. Banks are running out of money and people are losing their jobs. This is leading to a global economic meltdown.