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TOPIC: Rising food and fuel prices driving poverty

Rising food and fuel prices driving poverty 26 Mar 2017 22:02 #58

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Rising food and fuel prices driving millions more Britons into poverty

By Dennis Moore 22 March 2017

A recent report, carried out by the Joseph Rowntree Foundation (JRF) think tank, alongside poor growth forecasts from the Institute for Fiscal Studies, (IFS) reveal that poverty levels in the UK will escalate in the coming period.
The JRF report, “Households below a Minimum Income Standard: 2008/09 to 2014/15,” shows that 4 million more people in Britain are now living below a minimum accepted standard.
The Minimum Income Standard (MIS) is accepted as a benchmark—rooted in what the public accepts as what is needed for a minimum socially accepted standard of living—for people to be able to meet material needs, and “take part in society.” The report examines what percentage of people fell below this benchmark.
The JRF found that between 2008-2009 and 2014-2015, those classed as living below the MIS has risen by 4 million, from 15 million to 19 million—equivalent to 25 percent to 30 percent of the population.

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