IEA - Focus on Minimum Income Standard misses the point on poverty
IEA responds to Joseph Rowntree Foundation report on poverty
Commenting on the Joseph Rowntree Foundation’s report on poverty Chris Snowdon of the Institute of Economic Affairs said:
“While this report rightly points to the problem of high living costs in this country, measuring standards of living on how frequently you are able to replace your wardrobe or afford optional items such as a barbecue set, are not exactly the types of things most people would categorise as basic necessities.The Minimum Income Standard is a subjective and somewhat dubious measure of what constitutes an acceptable standard of living, used in this instance to dramatically claim that millions are on the brink of falling into poverty.
“We absolutely do need to address the ever-increasing cost of living by deregulating sectors such as housing, energy and childcare to bring down costs. But the ‘needs’ listed in the Minimum Income Standard lend themselves to headline grabbing statistics rather than outlining actual basic needs.”
Notes to editors:
To read Dr Kristian Niemietz, Head of Health and Welfare at the Institute of Economic Affairs’ report ‘Reducing poverty through policies to cut the cost of living”, written for the Joseph Rowntree Foundation, click here
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The IEA is a registered educational charity and independent of all political parties.
Latest News from
IFG - The Treasury must overhaul its approach to public spending17/09/2019 09:35:00
A new report for the Institute for Government has found that public spending is often wasteful, with the government failing to set out clear spending intentions and taking decisions without clear information.
NIESR Monthly Wage Tracker: Strong earnings data driven by July bonuses and public sector pay but further pick-up unlikely12/09/2019 14:25:00
Strong earnings data driven by July bonuses and public sector pay but further pick-up unlikely.
NIESR Monthly GDP Tracker – Economic growth resumes for now10/09/2019 14:25:00
The UK economy is on course to grow by 0.3 per cent in the third quarter of 2019, a resumption of growth after a 0.2 per cent fall in the second quarter when production had slackened after being boosted in the first quarter by stockbuilding ahead of the original Brexit departure date (figure 1).
NLGN - Government must adopt a radical new approach to children's services to avert the growing crisis10/09/2019 10:35:00
New research: In the wake of the Spending Round, NLGN think tank argues the Government must adopt a radical new approach to children’s services to avert the growing crisis.
Demos - Young people and renters are being shut out of the planning system10/09/2019 09:35:00
People Powered Planning, published yesterday [9 September] by Demos, shows that engagement in the planning system is often dominated by those that are less supportive of new homes in their local area.
IFG - Government and Parliament relations deteriorating due to Brexit and minority government05/09/2019 13:35:00
A new paper from the Institute for Government looking at different areas of Parliament’s activity in the 2017-19 session finds that the relationship between Parliament and government has deteriorated in many areas, most recently in relation to prorogation.
The King's Fund responds to the 2019 Spending Round05/09/2019 12:35:00
Sally Warren, Director of policy at The King’s Fund, commented on the 2019 Spending Round