Topic updates
Poverty and Inequality - UK’s poorest have borne brunt of cost of living crisis
7th February 2024
Proof here of the unequal distributional effects of the pandemic, with the NIESR reporting that the poorest won't see their living standards recover to pre-pandemic levels until 2027.
It's a remarkable indictment of government policy that this should be true of the the world's sixth largest economy. The author of this report, notes that given the unexpected 'strength' of the public finances, it would be pretty awful if the government decided to offer tax cuts rather than tackle this issue.
COVID + war in Ukraine + Brexit have left the poorest UK households £4600 a year worse-off, calculates @NIESR.
— Joel Hills (@ITVJoel) February 7, 2024
An election looms but NIESR says none of the political parties has a credible strategy to lift living standards.
“It’s a huge concern.”https://t.co/l4EQdocGN8
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Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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