After school activities to be chopped by cash strapped parents

The amount of money parents are willing to spend on extra-curricular activities is set to fall.

In fact, 33 per cent of UK parents are planning to cut back on extra class sports clubs and birthday celebdtations.

The research from Capital One found that children with parents aged 18-34 years of age will be hit the worst.

A total of 52 per cent of parents in this age group plans to spend less on their youngster’s activities.