Popsy, my situation is a little different. I have to work as I am the main breadwinner, there was simply no discussing it. DH knew that I always dreamt of marrying a rich man and being a SAHM, but it wasn't to be. We are in a unique situation as DH is in a career where most people are out of work (an actor) and I earn too much for him to claim anything (not a huge amount my basic is just £24K). However nearly 2 yrs ago I decided I couldn't continue with commuting and the crap side of my job (we live 70 miles form london, so it was 1 1/2 - 2 hrs each way) and I took a massive step to move to a local job. I had to take a 30% pay cut as well, but at least I saw my kids. I went from leaving home at 7.20 and arriving back at 7.30, to leaving at 8.50 amd getting home about 5.50.
The leap into the unknown was terrible, I had been in a big london publishing company for 5 years, I had management status and I loved my job. Until I went back after the 2nd mat leave and I had a new manager who didn't understand anything. I was pushed out in London, I don't think I would have made the leap infact as I was too scared to contemplate moving (being that breadwinner!) But the day I decided to leave, I saw a job in the local paper!
" yrs on I am still earning less than before, but I don't have commuuting costs and smart suits to buy so we have a bit more to spend, I see my kids more, and if one of them needs me I am 10 mins away by car. The best thing of all is that my boss simply offers me the car keys if I need to go
At the moment we are in a different situation as dh actually has a job for at least a year, so between us we earn nearly £45K, but we still don't have monety as there is two lots of childcare to pay for.
Personnally in your situation I would think seriously about how much you are prepared to put into your job and try to stck with that. If you want a second child, stick it out until you get teh mat leave and then change things. You have every righ at that point to get teh extra flexibility and teh moneyside won't suffer
Good Luck