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Joseph Rowntree Foundation Says Poor Worst Hit By 25% Rise In Living Cost

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http://www.bbc.co.uk/news/uk-23083218

Living costs have risen 25% in the past five years and placed an "unprecedented" financial burden on the poor, a report has found.

The Joseph Rowntree Foundation (JRF) said rising costs of childcare and energy, coupled with stagnating wages and benefit cuts, had created a widening poverty gap.

Worst affected are pensioners and single people, it said.

The Adam Smith Institute said the report should focus on housing costs.

The Minimum Income Standard (MIS), released on Friday, looks into goods and services the public think people need in order to have a minimum acceptable standard of living.

Report author Donald Hirsch said: "From this April, for the first time since the 1930s, benefits are being cut in real terms by not being linked to inflation.

If we focus on housing costs it might affect GDP, that might ruin the ponzi.

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Report author Donald Hirsch said: "From this April, for the first time since the 1930s, benefits are being cut in real terms by not being linked to inflation.

Nice bit of one sided reporting there. Sorry, but wages have been cut in real terms for several years now. People on benefits, i.e. "the poor", have been doing quite well in comparison to people who actually work for a living.

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Sam Bowmen, research director at the free-market group the Adam Smith Institute, said: "The JRF are right to highlight the fact that rises to the cost of living tend to hit the poorest the hardest.

"I think it's probably a mistake, however, to point to benefits cuts as the main causes of this squeeze.

"One of the main problems facing poor people today is the rising cost of housing, which can almost entirely be blamed on the planning system preventing new housing from being built. "

Mr Bowman shouldn't omit the amount of support given to house prices by crazy government policies as if they're on the locoweed - including Help to Buy as well as the driven population increases.

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http://www.bbc.co.uk/news/uk-23083218

If we focus on housing costs it might affect GDP, that might ruin the ponzi.

funnily enough this would be considered kudos if the country was run according to the original principles of joseph rowntree.

..one of our nations greats actually.

...most of them happen to be quakers.

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Not withstanding the rise in essentials such as food, rent and heating; the biggest assault on the very poorest in society has probably come about from an above inflation rise in excise duty on alcohol and tobacco and a doubling in the price of lotto tickets.

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Putting aside the issue of the poor, it is good that the message is getting out that the official inflation figures are ********.

This leads to a further distrust of the government and spin.

Baby steps but we are getting to a position where people will have had enough of the status quo.

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Poor People in Lack of Money Shock

:)

I saw this 'story' on the BBC a couple of mornings ago. Talked about how the squeeze was affecting cost of childcare, energy, blah blah blah. But absolutely no mention of the reasons behind this - ie rampant dilution of fiat sterling leading to inflation, which they didn't even describe as inflation - only referring to it as 'the increase in the cost of living' - in order to bail out the greediest of the greedy.

It's quite clever journalism. Offer a common understanding of the issues affecting 'hardworking families' but offer no expalnation for the reasons behind it. Thus creating an illusion of us 'all being in it together', masking that we're not all in it together.

If they're looking to shave off a few million from the deficit, I recommend rolling up the BBC and flogging it off to the lowest bidder. Possibly the Daily Star. In their simplicity they're probably more honest in their journalism, bless 'em.

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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