UK Families Poised for Widespread Poverty by 2030
The Joseph Rowntree Foundation projects a decline in UK living standards by 2030, with the poorest families experiencing a disproportionately larger drop than higher earners. This anticipated decrease, averaging £1,400 per family, contradicts Labour’s pledge to improve working-class finances. The decline is attributed to factors including rising housing costs and stagnant wages. These findings, coupled with planned government spending cuts, raise concerns within the Labour party and cast doubt on the government’s economic strategy.
John Q. Hosedrinker