Topic filter : Poverty

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.... From here, the script practically wrote itself: their plant, which manufactured chemicals for the construction industry, would be shut. There would be immediate layoffs, and dozens of families would be plunged into poverty. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 06:00:12 AM
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.... Compilers of the index spent a year looking at policies around taxation, social service spending and labor in 152 countries. “The reason we did this comparative index,” O’Brien said, “is in large part to challenge policymakers like President Trump to look to other economies and other societies, to give people smarter ways to give everyone an opportunity to lift themselves from poverty. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:01:34 PM
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....The original art work will be on display for one of Austen’s predecessors on the tenner, Charles Dickens, featuring a cricketing scene from The Pickwick Papers, which also includes a visit to the Bank of England. Dickens, having known real poverty in childhood and seen his father imprisoned for debt, was very careful with money all his life, drove fierce bargains with publishers, and featured many foolish spendthrifts in his books including Mr Micawber who also lands in a debtors’ prison. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:42:14 AM
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....Frances O’Grady, the TUC general secretary, said ministers could not shrug off findings from the Institute for Fiscal Studies indicating that incomes in the most prosperous part of Britain – the south-east of England – were 25% higher than in the poorest region, the West Midlands. The IFS’s annual living standards, poverty and inequality report highlighted Britain’s growing north-south divide and the impact of decades of deindustrialisation on living standards in the UK’s traditional manufacturing heartlands. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 11:01:04 PM
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....7% of our GDP is committed to international development. But efforts to reduce poverty and ill health in developing countries are seriously undermined by the activities of companies such as British American Tobacco. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:34:48 PM
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.... "As life expectancy continues to rise and the number of people in receipt of State Pension increases, we need to ensure that we have a fair and sustainable system that is reflective of modern life and protected for future generations. "Combined with our pension reforms that are helping more people than ever save into a private pension and reducing pensioner poverty to a near record low, these changes will give people the certainty they need to plan ahead for retirement. ... [Read full article on Daily Express ]
Wednesday 19th of July 2017 01:45:00 PM
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....When Imperial Brands, the cigarette firm, wanted to boost the pay package of its chief executive, Alison Cooper, this year it argued that she was being paid “significantly below the average for companies of our size”. The plea, thankfully, was rejected by shareholders who noted that Cooper had collected £18m over six years so was not in a position to plead poverty. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 06:43:44 PM
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Latest Finance News related to Poverty

We can only address pay imbalances if we can see them | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:43:44 PM
....When Imperial Brands, the cigarette firm, wanted to boost the pay package of its chief executive, Alison Cooper, this year it argued that she was being paid “significantly below the average for companies of our size”. The plea, thankfully, was rejected by shareholders who noted that Cooper had collected £18m over six years so was not in a position to plead poverty. ...
State pension age rises: Will changes affect you? Everything you need to know image
Source : Daily Express [Read Article] Wednesday 19th of July 2017 02:42:00 PM
....Spending on the state pension would increase by one per cent of GDP - or around £20billion - every year by 2036/37 without the proposed changes, found a review by John Cridland. Mr Gauke said: "Combined with our pension reforms that are helping more people than ever save into a private pension and reducing pensioner poverty to a near record low, these changes will give people the certainty they need to plan ahead for retirement. ...
Forced to work until you are 68! State pension age rise brought forward SEVEN years image
.... "As life expectancy continues to rise and the number of people in receipt of State Pension increases, we need to ensure that we have a fair and sustainable system that is reflective of modern life and protected for future generations. "Combined with our pension reforms that are helping more people than ever save into a private pension and reducing pensioner poverty to a near record low, these changes will give people the certainty they need to plan ahead for retirement. ...
Incomes in south-east of England 'are 25% higher than in West Midlands' image
....Frances O’Grady, the TUC general secretary, said ministers could not shrug off findings from the Institute for Fiscal Studies indicating that incomes in the most prosperous part of Britain – the south-east of England – were 25% higher than in the poorest region, the West Midlands. The IFS’s annual living standards, poverty and inequality report highlighted Britain’s growing north-south divide and the impact of decades of deindustrialisation on living standards in the UK’s traditional manufacturing heartlands. ...
How could we cope if capitalism failed? Ask 26 Greek factory workers | Aditya Chakrabortty image
.... From here, the script practically wrote itself: their plant, which manufactured chemicals for the construction industry, would be shut. There would be immediate layoffs, and dozens of families would be plunged into poverty. ...
The scandal of big tobacco’s behaviour in the developing world | Letters image
....7% of our GDP is committed to international development. But efforts to reduce poverty and ill health in developing countries are seriously undermined by the activities of companies such as British American Tobacco. ...
Trump's tax proposal would push US below Greece on inequality index image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
.... Compilers of the index spent a year looking at policies around taxation, social service spending and labor in 152 countries. “The reason we did this comparative index,” O’Brien said, “is in large part to challenge policymakers like President Trump to look to other economies and other societies, to give people smarter ways to give everyone an opportunity to lift themselves from poverty. ...
Jane Austen to star in Bank of England literary links exhibition image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:42:14 AM
....The original art work will be on display for one of Austen’s predecessors on the tenner, Charles Dickens, featuring a cricketing scene from The Pickwick Papers, which also includes a visit to the Bank of England. Dickens, having known real poverty in childhood and seen his father imprisoned for debt, was very careful with money all his life, drove fierce bargains with publishers, and featured many foolish spendthrifts in his books including Mr Micawber who also lands in a debtors’ prison. ...
Gig economy: Financial advice for the self-employed  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 12:01:00 AM
. Almost five million now work as freelancers, entrepreneurs, contractors or in the so-called “gig economy” but they often lack basic workplace rights or risk poverty in old age by failing to save into a pension. ...
British Airways cabin crew strikers prepared for long haul image
Source : Guardian [Read Article] Saturday 15th of July 2017 03:00:09 PM
....Labour has backed the strikers: an early-day motion tabled by Lisa Nandy MP notes that group chief executive Willie Walsh is paid 533 times the starting basic pay of a mixed fleet crew member. Nandy says: “MPs from all parties have been shocked to hear from young women in particular, struggling on poverty wages at the national carrier, having to take out payday loans to survive. ...
May relaunches premiership with new protections for gig economy workers image
.... He argued that it was no surprise given the report was commissioned by Conservatives who forced through the Trade Union Act. “If they are representative of the full report, it will fall woefully short of being a serious attempt to improve workers’ rights and will offer nothing to the growing army of people exploited on zero hours contracts and in insecure work, and nothing to the millions living in poverty because of low wages. ...
Casual work is still the root cause of destitution | Letters image
Source : Guardian [Read Article] Monday 10th of July 2017 05:43:31 PM
.... The pioneers of British social investigation – Charles Booth, Seebohm Rowntree, Eleanor Rathbone and William Beveridge – analysed the problem. Casual work, not low pay, was the principal cause of poverty and social dependency. ...
Risk of poverty in UK greater when father is sole breadwinner, finds IFS image
. Families who rely on a fathers’ earnings alone are at greater risk of poverty than other households, with average incomes stagnant for the past 15 years, according to analysis by the Institute for Fiscal Studies. ...
Detroit is 'booming' again. You have to be rich and powerful to notice, though | Bankole Thompson image
.... Thus, the downtown could simply be renamed Gilbertville. The grand irony, however, is that such economic buoyancy is taking place in a city where 60% of children continue to live in abject poverty, and where, according to the 2014 Census, 39. ...
Parliamentary motion calls on Sainsbury's to retain Fairtrade mark image
Source : Guardian [Read Article] Friday 7th of July 2017 04:04:44 PM
....“People must be able to trust that products which claim to be ethically produced are of the best possible standard. The decision by Sainsbury’s to turn away from the Fairtrade mark, a scheme so well respected for getting farmers from developing countries a good deal and tackling the causes of poverty, sets a concerning precedent. ...
UK workers earning £2.50 an hour prompts call for government action image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
....He said the clause – which echoes a similar passage dropped by Deliveroo after a backlash from couriers – was “symptomatic of the threatening and hostile environment in which some people are required to work”. He added that such contracts were “too often characterised by poverty wages, chronic insecurity and appalling treatment”, with terms designed to subsidise company profits. ...
Family of four needs 'at least' £40,800 a year, says thinktank image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:01:34 AM
....Each year, the Centre for Research in Social Policy at Loughborough University provides a minimum income standard for the JRF, which acts as a barometer of living standards for households on low incomes. While not a measure of poverty, the minimum income standard is based on feedback from the public on what it thinks people need to achieve a decent living standard. ...
Co-op energy chief predicts more small suppliers could go bust image
Source : Guardian [Read Article] Sunday 2nd of July 2017 11:25:25 AM
.... State-owned Swedish company Vattenfall, which only recently entered the business supply market in Britain, earlier this month bought Bournemouth-based iSupply, which has 120,000 customers, to compete in the consumer market. Bird said the arrival of powerful foreign players such as Vattenfall and France’s Engie highlighted the “perverse” fact that only suppliers with more than 250,000 customers in Britain had to pay towards fuel poverty schemes. ...
South Sudan's million-strong refugee crisis is a test for the World Bank image
.... “This has made it impossible for the government of Uganda, UN agencies and national and international NGOs to plan for what has all the hallmarks of a protracted and systemic crisis requiring a long-term, predictable finance to underpin a credible programme. In effect, the international community has turned its back on some of the world’s most vulnerable children, leaving Uganda and host communities living in endemic poverty, to shoulder the responsibility alone. ...
PENSIONS WARNING: Could this tax loophole affect YOUR savings? image
Source : Daily Express [Read Article] Friday 30th of June 2017 09:50:00 PM
....”. It comes as Government figures revealed millions of Britons could be sleepwalking towards a poverty stricken retirement. ...
Bank of England: Wales facing cost of living 'squeeze' image
Source : BBC [Read Article] Thursday 29th of June 2017 08:53:51 AM
....The visit was organised by Citizens Cymru Wales. Issues raised included affordable housing, the living wage, mortgages, poverty and transport. ...
Move by UK supermarkets threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
....“This move by Sainsbury’s represents a tip in the balance back to the powerful retailers,” says Sophi Tranchell, managing director of Divine Chocolate, the highly successful ethical trading company part-owned by tens of thousands of cocoa farmers in Ghana. Fairtrade took off as an idea in the 1980s as awareness grew in Europe that small farmers in developing countries were being ripped off by a grossly unfair global commodity trading system which perpetuated poverty and penalised the poorest. ...
Triple lock on pensions will go eventually, says pensions secretary image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:15:54 PM
.... It’s become much more widely used. If we want to reduce poverty, if we want to reduce the need for people to use food banks, it’s that we have got to have a strong economy that creates jobs. ...
BIS warns rolling back globalisation would be ‘detrimental’ image
Source : Guardian [Read Article] Sunday 18th of June 2017 05:41:55 PM
....The international body that represents the world’s central banks has claimed that globalisation has been made a “scapegoat” for rising inequality, as it launched a defence of closer cross-border ties. Against the backdrop of protectionist rhetoric in many countries, including from US president Donald Trump, the Bank for International Settlements used its annual report to argue that globalisation has cut global poverty and will continue to lift living standards around the world. ...
Attlee, Labour and the battle against austerity | Letters image
Source : Guardian [Read Article] Friday 16th of June 2017 06:13:02 PM
.... Beware this Tory doublethink. Austerity is alive and kicking, harming national growth and living standards, and spreading poverty. ...
BA cabin crew call two-week strike in July over pay dispute image
Source : Guardian [Read Article] Friday 16th of June 2017 01:51:16 PM
....”. Crew have walked out for a total of 26 days to date, since the row erupted in January over what the union had branded “poverty pay”. ...
Creditors agree terms to disburse Greece's €8.5bn bailout funds image
Source : Guardian [Read Article] Friday 16th of June 2017 12:05:16 AM
.... Thursday’s deal is unlikely to please many in his leftist Syriza party who had accepted to support the unpopular budget-cutting policies – to be enacted once the current three-year bailout programme ends in August 2018 – only on the condition that debt relief would be achieved. Although the economy is growing again, more than a third of Greeks are estimated to be at risk of poverty. ...
Greek bailout funds on the cards as creditors narrow differences image
Source : Guardian [Read Article] Thursday 15th of June 2017 05:25:49 PM
....Greece’s leftwing government, which has pushed through unpopular pension cuts and tax increases to secure the funds, is very likely to be disappointed that it is still waiting on a specific number on debt relief. Although the economy is growing again, more than one third of Greeks are estimated to be at risk of poverty. ...
Revealed: reality of life working in an Ivanka Trump clothing factory image
Source : Guardian [Read Article] Tuesday 13th of June 2017 04:02:30 AM
....“It’s not surprising to me that in a factory like this, you have rank and file workers who are unclear on what their rights are, and what the law says in terms of wages and rights,” said Jim Keady, an American labor rights activist who has worked extensively in Indonesia. “But with these poverty wages — and I would call it that — just because something is legal, doesn’t mean it is moral. ...
Pensions triple lock: What is the triple lock and will Theresa May get rid of it? image
....5 per cent promise would be dropped. The manifesto said: “By introducing the Pensions triple lock and the new state pension, we have lifted the incomes of millions of older people, reducing pensioner poverty to historically low levels. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
.... The Conservative manifesto did not address the issue and the government has so far resisted calls for stake reduction, pending a review due to be published this summer. The data also shows a greater concentration of betting shops in areas with higher rates of poverty, fuelling existing concerns that bookmakers are “clustering” their shops in deprived areas. ...
BA meltdown: switching off and on again may have caused IT crisis image
Source : Guardian [Read Article] Monday 5th of June 2017 06:10:50 PM
....But the IAG chief defended cost-cutting at the airline, which has been criticised by unions as well as some City analysts. Hundreds of IT staff have been made redundant, while the airline’s mixed fleet cabin crew are going on strike again this month in a dispute over “poverty pay”. ...
British Airways cabin crew to hold four-day strike over pay dispute image
....Cabin crew at British Airways have announced they will hold a four-day strike later this month, compounding the problems for the beleaguered airline which stranded 75,000 passengers at the weekend after an IT meltdown. Unite members of the mixed fleet, set up in 2011 on inferior pay and conditions, will walk out from 16 June in a dispute over “poverty pay” at the airline. ...
Older age image
Source : BBC [Read Article] Thursday 1st of June 2017 02:31:40 AM
.... It also does not take care home fees into account. While average pensioner incomes are rising, there remains a group of older people who are in poverty, and have been for some time. ...
Would a four-day week work? image
Source : BBC [Read Article] Wednesday 31st of May 2017 09:13:12 AM
....It said that in addition to reducing environmental impact, a 21-hour week would distribute work more evenly across the population, reducing both the problems of over-work and unemployment, as well as evening up the amount of unpaid work done by men and women. It identified potential problems with the introduction of such a system such as increased poverty by reducing the number of hours worked by low-paid workers and increased unemployment. ...
EU roaming charges banned from June, plus the rogue buyers exploiting eBay image
....John Lewis-backed credit union bids to fend off payday lenders. Record 60% of Britons in poverty are in working families – study. ...
Bad sex scenes image
Source : BBC [Read Article] Wednesday 24th of May 2017 11:00:09 PM
....London-based Imriel Morgan and Efe Jerome run the Shout Out Network, a podcast network dedicated to representing diversity. Its five podcasts include Millennials of Colour, which covers issues from mental health to poverty, and are available via its own website or Apple's Podcast app. ...
Thousands of protesters brand McDonald's the 'Trump of corporations' image
Source : Guardian [Read Article] Wednesday 24th of May 2017 12:26:03 PM
....”. Wise blamed the corporation for perpetuating “intergenerational poverty”. ...
Record 60% of Britons in poverty are in working families – study image
Source : Guardian [Read Article] Monday 22nd of May 2017 04:11:53 PM
. A record 60% of British people in poverty live in a household where someone is in work, according to researchers, with the risk of falling into financial hardship especially high for families in private rented housing. ...
UK firm designs 'world's most affordable solar lamp' image
Source : BBC [Read Article] Monday 22nd of May 2017 10:11:36 AM
....But they are expensive to run and there is the constant danger of potential fires. "Kerosene keeps families locked in a cycle of extreme poverty with almost one quarter of their monthly income spent burning the fuel," explains Inventid co-founder Henry James. ...
Winter fuel allowance: Will I still get my winter fuel payment under a Tory government?  image
....The Conservative manifesto released this week said the party will look at Winter Fuel Payments, because it is paid "regardless of need, giving money to wealthier pensioners when working people on lower incomes do not get similar support". Instead the payment will be "focusing assistance on the least well-off pensioners, who are most at risk of fuel poverty". ...
Election 2017: State pension triple lock battle lines drawn image
Source : BBC [Read Article] Thursday 18th of May 2017 02:32:16 PM
....However, TUC general secretary Frances O'Grady said: "The UK has more than 1. 5 million pensioners in poverty. ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
....I earned around $2,000 a month after putting in a lot of hours and snatching up overtime whenever it was offered, working 11 days in a row or taking long shifts. After paying $475 for rent, $193 a month on my car, $75 per month for car insurance, utilities, phone, basic cable, food, minimum payments on my credit card debt that were over $100, taxes (single working people making over the poverty level usually do not get any tax deductions), and $230 a month for health insurance, I had little left over. ...
Labour's water renationalisation plan is a damp squib | Nils Pratley image
Source : Guardian [Read Article] Tuesday 16th of May 2017 07:34:13 PM
.... Thames Water – contained within a labyrinth of offshore holdings in the Caymans and elsewhere that make scrutiny next to impossible for outsiders – is a case in point. Shareholders such as Macquarie have done splendidly but Thames pleaded poverty when it came to funding the new “super sewer” under London. ...
Debt fears grow as county court judgments soar by 35% image
Source : Guardian [Read Article] Monday 15th of May 2017 05:07:52 PM
....The figures highlight growing alarm over rapid increases in household spending over the last two years fuelled by extra borrowing. Anti-poverty charities have warned that the growing number of people taken to court for failing to pay their debts could worsen this year as rising inflation and slowing wage growth eat into household finances. ...
Facebook's Sheryl Sandberg in call to help working mothers image
Source : BBC [Read Article] Sunday 14th of May 2017 07:24:19 PM
....". One of the most important actions the government could take is to help millions of families living near the poverty line by raising the federal minimum wage, she said. ...
Is Labour's manifesto living in fantasy land? Quite the opposite | Larry Elliott image
.... London is rich and thriving but might as well be a separate country given how different it is from other, less prosperous, regions. Relative poverty, as the former prime minister Gordon Brown has shown, is heading for levels not experienced even under Margaret Thatcher in the 1980s. ...
Philip Hammond calls China a 'natural partner' as he seeks post-Brexit trade deals image
.... But the relationship appeared to recover after the £18bn project was approved. On Sunday Hammond hailed China’s ability to drive “phenomenal economic development” and success in “lifting” 800 million Chinese citizens out of poverty over the past four decades. ...
China's Xi lays out $900bn Silk Road vision amid claims of empire-building image
....Ethiopia’s prime minister, Hailemariam Desalegn, hailed what he called a unique, historic, extraordinary and momentous project. “Many of us in the developing world – especially we in Africa – continue to view China as a successful economic model and a reliable ally in the fight against poverty and in our quest for prosperity,” he said, describing the Belt and Road as the greatest economic collaboration of the 21st century. ...
Theresa May is creating an epidemic of poverty. Don’t give her a free hand | Gordon Brown image
.... And Britain cannot afford to give her carte blanche on the parlous state of the NHS, the biting cuts in education, the threats to civil liberties and our rising inequality. And one astonishing, but little-known fact demonstrates conclusively why: there will soon be more people in poverty in May’s Britain – 15. ...
Theresa May will cause more poverty than Thatcher, Gordon Brown warns image
. The former prime minister Gordon Brown has strongly attacked Theresa May’s claim to be the champion of Britain’s struggling families, warning that the Conservative government’s welfare cuts would leave more people in poverty than under Margaret Thatcher in the 1980s. ...
The cost of divorce: Marriage split hits retiree income by £3,000 a year image
Source : Daily Express [Read Article] Thursday 11th of May 2017 04:13:00 PM
....The typical expected income for someone who split up with their life partner stands at £16,300 a year, whereas those who stayed together are set for £3,000 more at £19,400, found a report by Prudential. Furthermore, around a fifth of divorcees face spending their retirement in poverty with incomes of less than £9,712 a year. ...
National minimum wage increases could cost jobs, IFS warns image
Source : BBC [Read Article] Wednesday 10th of May 2017 11:30:22 PM
.... . A Labour spokesperson said: "Labour's £10 an hour minimum wage is in line with reputable forecasts of the wage needed to maintain a decent standard of living by 2020 and put an end to poverty pay. ...
Funeral and cremation fees are rising at inflation-busting rates image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 10:35:00 PM
....For cremations, funeral director fees average £2,211, plus cremation fees of £745 and coffins at £446. Georgina Smith, managing director of OneFamily, says costs have rocketed, piling huge pressure on families: “The average income after tax is just £194 a week and death poverty is very real for bereaved families who cannot afford to pay these bills. ...
Energy bills: £100 cap plan defended by Theresa May image
Source : BBC [Read Article] Monday 8th of May 2017 09:51:56 PM
.... Is that right?" he tweeted. The SNP said the Conservatives had "failed to tackle fuel poverty" in the past seven years while unions said regulators must differentiate between profiteering and the resources needed to generate jobs and pay for infrastructure. ...
Impact of UK foreign aid diluted by pursuing national interest, says IFS image
....7% of GNI [gross national income] on ODA”, the IFS report said. “However, across the main parties, there has been little indication of how this money will be spent and what balance they will aim to strike between national interest and global poverty alleviation goals in UK aid spending going forward. ...
Banks accused of putting lives at risk as charity accounts are shut without notice image
....Fifteen years ago a group of Kenyan churchgoers decided to tackle the growing problem of young beggars in their small coastal town. The children had been orphaned by HIV and extreme poverty prevented their extended families from offering them a home. ...
Hanging up the microphone image
Source : BBC [Read Article] Sunday 7th of May 2017 11:23:22 PM
....It's funny the things you covet most when you are a child - for country music superstar Kenny Rogers it was water sprinklers. Growing up in poverty on a federal housing estate in Houston, Texas, on his walks to and from school he'd go past wealthy houses, and be amazed by the big jets automatically watering the immaculate lawns. ...
Automation poses a high risk to 1.2m Scottish jobs, report says image
....It also recommends the establishment of a new unit to tackle what it calls the "progression gap" - poor levels of career progression which can hold back low-skilled workers. It said it suspected this problem was "related to the attainment gap at school" and added that addressing the issue would "work to tackle rates of in-work poverty and drive social mobility in Scotland". ...
'My parents want to help me but can't': readers on affording their first home image
.... He pays for the day-to-day running of the house but we continue to help him as and when it is needed. If we did not support him like this he would face a working life of poverty and a retirement of penury. ...
The science of inequality: why people prefer unequal societies image
Source : Guardian [Read Article] Thursday 4th of May 2017 08:00:04 AM
.... This belief entails a sort of “meritocratic mobility” – and such mobility is indeed a necessary condition for an unequal society to be a fair one. After all, a society lacking mobility is a society in which those born into poverty remain in poverty, regardless of their hard work and ingenuity. ...
Greece reaches deal with creditors to pave way for bailout talks image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 04:59:34 AM
....8bn) in cuts in 2019 and 2020. Athens conceded fresh pension and tax break cuts in return for permission to spend an equivalent sum on poverty relief measures. ...
Poorest face ‘double whammy’ if Tories ditch triple lock on pensions image
....5%. Chris Noon, a partner at leading pensions consultancy Hymans Robertson, said linking increases to earnings growth or inflation would, over time, erode the value of the pension and push larger numbers of people into poverty on reaching retirement age. ...
May vows to protect pensions from 'unscrupulous bosses' image
Source : BBC [Read Article] Sunday 30th of April 2017 03:59:09 AM
....Shadow chancellor John McDonnell said: "These policies will be the cornerstone of the next Labour government's programme to bring an end to the rigged economy that many experience in workplaces across Britain. "The scandals of six million people earning less than the living wage, and four million children growing up in poverty, are not inevitable. ...
Green heating system accused of causing 'fuel poverty' image
Source : BBC [Read Article] Sunday 30th of April 2017 12:47:23 AM
. A heating system meant to reduce bills is leaving people in fuel poverty, according to campaigners and residents. ...
Labour party pledges to outlaw all zero-hours contracts image
Source : Guardian [Read Article] Saturday 29th of April 2017 09:01:09 PM
.... The package includes promises to increase the minimum wage to match the national living wage (expected to be at least £10 an hour by 2020) and to introduce a maximum 20:1 pay ratio between the highest and lowest earners in the public sector and in companies bidding for public sector contracts. McDonnell said: “The scandal of six million people earning less than the living wage and four million children growing up in poverty are not inevitable. ...
Energy bill caps put billions in investment at risk, say suppliers image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:33 AM
.... He said he favoured a more transparent energy tariff that was fairer for consumers but unregulated. Energy UK said that whoever won in the general election on 8 June should also take a new tack on solving fuel poverty, which affected 2. ...
Theresa May weighing up cheaper 'double lock' for pensions image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:00:47 PM
....The Treasury would like to abandon the pledge. It was introduced by the coalition government to tackle pensioner poverty and prevent retired households from falling behind. ...
Protectionism is rising the world over. Our best defense is fighting inequality | Wally Adeyemo image
....A number of steps to restore faith in the system should be considered, including improving the rules shaping international trade, developing a shared vision for effective regulation of technology, and ensuring the IMF and multilateral development banks (MDBs) are prepared to help prevent and respond to crisis. The post-second world war period has produced the greatest economic expansion in world history, including a dramatic reduction in extreme poverty. ...
World Bank chief echoes Bill Gates's warning to Theresa May on aid image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:22:34 PM
....7% target for aid, and Britain is also one of the biggest donors to the World Bank. Kim said the UK’s Department for International Development had played a vital role in efforts to rid the world of poverty. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... His raising of the minimum wage barely touches what he took away in tax credits within universal credit, in benefit freezes, and in ever rising bars to qualify for anything. By 2020 those cuts will have cast 50% more children into poverty, the steepest rise for a generation, says the Institute for Fiscal Studies. ...
Mayoral candidate pledges free childcare for Liverpool parents image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:00:21 AM
.... The party – formed two years ago by Sandi Toksvig and Catherine Mayer – claim the idea would create at least 40,000 jobs in the Liverpool region and allow more parents to work. Morton said: “This will change things so dramatically in Liverpool, we have got a quarter of children living in poverty and three out of four are in single parent families. ...

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