UK

It's not a cost of living crisis – it's a poverty pandemic

fizkes/ShutterstockThere is a poverty crisis in the UK. But when outlining his 110 growth measures aimed at getting “the British economy working” during his autumn statement, the chancellor’s measures to tackle the cost of living crisis were limited to economic support payments focused on short-term wins.

We argue that raising living standards should be seen as a long-term investment in the UK’s future, not a short-term capital expenditure.

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