Facts and figures about UK taxes, benefits and public spending.
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Type: IFS Press Releases
When household spending, rather than income, is used to measure living standards, relative poverty in Britain has risen, rather than fallen, since 1997, finds a new study by researchers from the Institute for Fiscal Studies. The study, funded by the Joseph Rowntree Foundation, suggests that a useful alternative definition of relative poverty would be living in a household which spends less than 60% of the median-spending household, rather than the measure most used by the government, which is to be living in a household whose income is less than 60% of the median-income household. Search |
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