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....Smith said the ONS could also use “street level data”, such as the images on Google Street View, to track economic activity. “For example, can we say from the imagery that we have what this neighbourhood might look like in terms of deprivation levels, poverty levels, what businesses and economic growth is happening there. ... [Read full article on Guardian ]
Monday 27th of March 2017 05:01:00 AM
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....This quest for ever-greater labour market flexibility has had some unexpected consequences. The bill in the UK for tax credits spiralled quickly once firms realised they could pay poverty wages and let the state pick up the bill. ... [Read full article on Guardian ]
Sunday 26th of March 2017 01:23:10 PM
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....These are products that allow customers to buy items, such as televisions or mobile phones, through rental deals which can cost as much as four or five times the normal price tag. Debt charities say that as high cost loan companies have been pushed out, demand for credit by people in poverty has moved into other areas. ... [Read full article on BBC ]
Saturday 25th of March 2017 12:08:14 AM
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....Bridgeport, with its boarded-up shops and opioid addiction problems, could not stand in starker contrast to ritzy Greenwich, with its antique-car showrooms and Michelin-starred restaurants. Average per capita income is $19,854 in Bridgeport, where 20% live at or below the poverty level. ... [Read full article on Guardian ]
Monday 27th of March 2017 10:00:04 AM
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....”. Caroline Abrahams, charity director at Age UK agreed, saying: “We are firmly of the view that the triple lock needs to stay in place, because it is not yet ‘job done’ when it comes to eradicating pensioner poverty. ... [Read full article on Daily Express ]
Friday 24th of March 2017 12:01:00 AM
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Latest Finance News related to Poverty

Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
....Bridgeport, with its boarded-up shops and opioid addiction problems, could not stand in starker contrast to ritzy Greenwich, with its antique-car showrooms and Michelin-starred restaurants. Average per capita income is $19,854 in Bridgeport, where 20% live at or below the poverty level. ...
ONS looks to big data as it explores new ways to measure UK economy image
Source : Guardian [Read Article] Monday 27th of March 2017 05:01:00 AM
....Smith said the ONS could also use “street level data”, such as the images on Google Street View, to track economic activity. “For example, can we say from the imagery that we have what this neighbourhood might look like in terms of deprivation levels, poverty levels, what businesses and economic growth is happening there. ...
Populism is the result of global economic failure image
Source : Guardian [Read Article] Sunday 26th of March 2017 01:23:10 PM
....This quest for ever-greater labour market flexibility has had some unexpected consequences. The bill in the UK for tax credits spiralled quickly once firms realised they could pay poverty wages and let the state pick up the bill. ...
High cost credit products must be tackled, say Lords image
Source : BBC [Read Article] Saturday 25th of March 2017 12:08:14 AM
....These are products that allow customers to buy items, such as televisions or mobile phones, through rental deals which can cost as much as four or five times the normal price tag. Debt charities say that as high cost loan companies have been pushed out, demand for credit by people in poverty has moved into other areas. ...
Pension protection shake-up: Retirees FURIOUS over plans to cut scheme image
Source : Daily Express [Read Article] Friday 24th of March 2017 12:01:00 AM
....”. Caroline Abrahams, charity director at Age UK agreed, saying: “We are firmly of the view that the triple lock needs to stay in place, because it is not yet ‘job done’ when it comes to eradicating pensioner poverty. ...
Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
....While GDP per head in, say, Luxembourg is at least twice that of the UK, this is mostly down to corporate profits flowing through the place, and not to income that anyone earns locally. In fact, there is poverty in tax havens, just as there is anywhere else. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
. The boss of British Gas’s parent company was handed a pay increase of nearly 40% last year, a raise Labour attacked as “astronomical” and a “kick in the teeth” for millions of families living in fuel poverty. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
....It is calling on the government to force large and medium firms to report the pay gap between their highest and average paid employee. “We need far greater transparency on company pay practices to challenge poverty pay and executive excess at the same time,” said equality trust executive director Wanda Wyporska. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
....Oxfam said the creation of so many new billionaires in one year was a sign of “economic sickness rather than health”. “Our warped economic model leads to more unequal societies that trap millions of people in poverty - it allows an elite group to accrue extreme wealth while one in nine people go to bed hungry every night,” Max Lawson, Oxfam’s head of inequality policy, said. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
.... This is playing out against a backdrop of declining living standards for low-income families, as sluggish earnings growth is being compounded by significant cuts to tax credits and benefits in the coming years. While work has never been a guaranteed route out of poverty, low-paid work is increasingly associated with living in poverty: new figures out last week show two thirds of children in poverty are living in working families: a shocking statistic in one of the world’s richest economies. ...
Governments must keep reforming to win back voters' trust, says OECD image
Source : Guardian [Read Article] Friday 17th of March 2017 02:40:37 PM
.... The group, which covers 35 mainly rich countries including the UK, notes that on average only 40% of OECD citizens trust their governments. “Achieving greater inclusiveness and reducing inequalities of income and opportunities as well as poverty are important objectives for the well-being of citizens and winning back their trust. ...
Child poverty in UK at highest level since 2010, official figures show image
Source : Guardian [Read Article] Thursday 16th of March 2017 02:45:20 PM
. The upward trend in child poverty in the UK has continued for the third year running, with the percentage of children classed as poor at its highest level since the start of the decade, latest official figures show. ...
Household incomes crept up last year, DWP figures show image
Source : BBC [Read Article] Thursday 16th of March 2017 11:20:14 AM
.... . "The period since the recession has been defined not by sharp rises in inequality or poverty, but historically slow growth in average incomes - in 2015-16 average income for working-age adults was no higher than eight years previously. ...
Ultra-rich protect wealth with spread of 'family offices' image
Source : BBC [Read Article] Thursday 16th of March 2017 01:44:49 AM
....But there are cases of "multi-family offices" - where families worth from £80m upwards could share such services. The growth of extreme wealth, alongside poverty and low-income families, means that there needs to be more analysis of how such wealth is perpetuated, the study suggests. ...
Low carbon drive 'cuts household bills' image
Source : BBC [Read Article] Thursday 16th of March 2017 12:13:08 AM
....One huge area for improvement is home insulation. The committee says to meet its target to abolish fuel poverty, the government must double current investment. ...
Obesity crisis image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:04:40 AM
.... And worldwide obesity has more than doubled since 1980. "The poorest anywhere still struggle to get sufficient calories and are underweight, but in our rich countries, poverty often does not stop people being able to eat (and drink) calories, but it does stop them having a nutrient-rich diet," the report says. ...
UK economy will grow more strongly than expected, says BCC image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:01:15 AM
....A number of forecasters have raised their outlook UK growth for this year, notably:. The BCC’s outlook chimed with warnings from thinktanks and anti-poverty campaigners that the pound’s weakness since the Brexit vote will stoke inflation this year as it makes imports to the UK more expensive. ...
Greek activists target sales of homes seized over bad debts image
Source : Guardian [Read Article] Saturday 11th of March 2017 08:00:29 AM
....“Poor people can’t afford lawyers, rich people can,” says Ilias Papadopoulos, a 33-year-old tax accountant who feels so strongly that he has been turning up at the court to orchestrate the protests with his eye surgeon brother, Leonidas, for the past three years. “We are here to protect the little man who has been hit by unemployment, hit by poverty and cannot keep up with mortgage payments. ...
Jack Monroe wins Katie Hopkins libel tweet case image
Source : BBC [Read Article] Friday 10th of March 2017 03:35:05 PM
....UK a nation of 'mucus troopers' says TUC. After the ruling, Ms Monroe, who also campaigns over poverty issues, said: "It's taken 21 months but today the High Court ruled that Hopkins statements to/about me were defamatory. ...
Hammond was a picture of relaxed swagger – because he was in the ring alone image
.... Perhaps he had missed that bit. It was an open goal that Corbyn strolled past, preferring to mount his usual soapbox and give a pre-cooked – if impassioned – speech on poverty that could have been delivered at any moment in the last six years. ...
Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
.... As Andrew Harrop, general secretary of the Fabian Society, has pointed out, real spending on non-pension social security will fall 6% by 2021, which will translate into lower living standards and less spending power for families. “As a share of GDP welfare spending will fall to the lowest level since 1991, excluding the state pension and support for the unemployed, undoing all the good work new Labour did to tackle child poverty,” Harrop added. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
....Hammond sought to underscore government policies to “help ordinary working families” such as support with childcare costs and the “national living wage”. But he disappointed anti-poverty campaigners who had urged him to do more for those on the lowest incomes by scaling back welfare cuts and abandoning a freeze on the pay of public sector workers. ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
....He announced modifiers to the business rate hike that sound good on their own – especially for pubs – but only if you forget what extraordinary rate increases are underpinning them. He set his sights particularly on the self-employed, describing at tedious lengths the difference in national insurance contributions between a self-employed person earning £32,000 and their peer on PAYE; he did not mention that 91% of self-employed people are earning £20,000 or less, 84% are living in poverty (based on their self-employed earnings), and that self-employment generally reflects newly precarious working conditions in which employers avoid giving contracts in order to sidestep rights. ...
Greece desperate for growth strategy as public mood darkens image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:54:18 PM
....6bn) loan to finance employment policies and programmes. The move would highlight the desperation of a government tackling ever-growing poverty rates. ...
IFS: Growth in UK living standards worst in 60 years image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
....Weak earnings growth, together with changes to taxes and benefits, will lead to a rise in inequality by 2021-22, according to the Institute for Fiscal Studies (IFS). In a new report on living standards, poverty and inequality, the IFS says incomes for the average family will not grow at all over the next two years. ...
'Long shadow' of financial crisis hits incomes image
Source : BBC [Read Article] Thursday 2nd of March 2017 12:18:25 AM
....They will be £5,000 a year worse off than they might have expected. The IFS has produced a report on living standards for the Joseph Rowntree Foundation, which campaigns to reduce poverty. ...
Universal credit cuts hit families with children hardest, study finds image
Source : Guardian [Read Article] Wednesday 1st of March 2017 10:00:46 AM
....Lone parents and couples where one parent works part-time to care for young children are hit particularly hard and face having have to find up to two days’ extra work a week to meet the shortfall in income from the cuts. Ministers predicted in 2011 that universal credit would take 900,000 individuals out of poverty, including 350,000 children, an assessment the study says the government now refuses to revisit in light of the changes. ...
George Osborne warns against leaving EU without trade deal image
Source : BBC [Read Article] Tuesday 28th of February 2017 03:18:11 PM
....The UK's interests, he added, had not been best served by delegating its trade policy to the EU and that the UK had a "unique global quality" which meant it would be able to maximise the opportunities provided by Brexit. He said he regretted the fact that globalisation had become a "boo word in the political lexicon", saying it had been a "liberating and enriching force" in lifting millions out of poverty and contributing to peace and prosperity in Europe. ...
‘Housing should be seen as a human right. Not a commodity’ | Patrick Butler image
.... It is symbolic, Farha notes, that the world’s most powerful politician, US president Donald Trump, is a billionaire property developer. Farha, 48, by background a human rights lawyer and anti-poverty activist, calls for a “paradigm shift” whereby housing is “once again seen as a human right rather than a commodity”. ...
Raising pension age will mean many people die before getting it, say MPs image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:01:21 AM
....5%. This has lifted many pensioners out of poverty but the committee said it had resulted in the over-65s taking an “ever greater share of national income”. ...
UK 'must insulate 25 million homes' image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:07:22 AM
....The government is currently focused on bringing down bills through fuel switching - but home energy expert Russell Smith said: "Switching saves on average £25 a year. That's not much help to a person in fuel poverty. ...
Fairtrade campaigners fear Brexit impact image
Source : BBC [Read Article] Monday 27th of February 2017 04:19:59 PM
.... . In December last year, its campaigners delivered a letter, with more than 50,000 signatures, to Downing Street asking the prime minister to pledge that any future trade deals would continue to tackle global poverty and deliver a fair deal for those in the developing world. ...
Austerity anguish image
Source : BBC [Read Article] Sunday 26th of February 2017 01:54:38 AM
....The case was adjourned and the housing activists cheered and whistled what they saw as a rare victory for ordinary Greek people over a kind of international machinery of austerity. One of the leaders, Ilias Papadopoulous, said: "More than half of the Greek people live in poverty below the level where they have any dignity. ...
RBS reports £7bn loss and says it will not make profit until 2018 image
Source : Guardian [Read Article] Friday 24th of February 2017 07:27:28 AM
.... The bank also handed £496,000 to its previous boss Hester, three years after he quit the bank, as a final payment. Chairman Sir Howard Davies said McEwan and current bank staff should not be penalised for “sins of the past”, but the Robin Hood Tax Campaign, which campaigns for a tax on banks to tackle poverty and climate change, described the payments as an insult. ...
Barclays' profits almost triple but chairman says many challenges await image
Source : Guardian [Read Article] Thursday 23rd of February 2017 09:10:57 AM
....2m in 2016, his first full year in charge. The Robin Hood Tax Campaign, which campaigns for a tax on banks to tackle poverty and climate change, said: “Barclays boasts of trebling profits and making hundreds of their employees millionaires but nothing has improved for most ordinary people since the banking crash. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
....The development charity worked out that the four richest Indonesians – led by brothers Budi and Michael Hartono – control $25bn of assets, which is roughly equal to the wealth of the poorest 40% of Indonesia’s 250 million population. The charity said the Hartonos – who own a clove cigarette company – could earn enough interest on their fortune in a year to eradicate extreme poverty in Indonesia. ...
Kraft Heinz withdraws Unilever takeover bid image
Source : Guardian [Read Article] Sunday 19th of February 2017 05:28:53 PM
....The takeover bid was fiercely resisted by the board, led by Paul Polman, the chief executive of Unilever, although he would have stood to earn almost £12m in shares under a sale. The Dutch CEO has made a name as an unusual advocate for sustainable business and global concerns such as poverty and climate change. ...
Is Finland’s basic universal income a solution to automation, fewer jobs and lower wages? image
....Painter thinks a universal basic income of just under £4,000 a year could change all that. By itself, it wouldn’t be enough to take someone out of poverty, but it could give them the flexibility to retrain or the breathing room to wait to take a job that has prospects rather than being forced into taking the first vacancy that comes along. ...
‘From bad to worse’: Greece hurtles towards a final reckoning image
Source : Guardian [Read Article] Sunday 19th of February 2017 12:05:16 AM
....”. This is the irony of Syriza, the leftwing party catapulted to power on a ticket to “tear up” the hated bailout accords widely blamed for extraordinary levels of Greek unemployment, poverty and emigration. ...
The Unilever-Kraft Heinz takeover: the three key players image
Source : Guardian [Read Article] Friday 17th of February 2017 05:30:54 PM
.... He joined Nestlé in 2006 and was poached three years later by Unilever to become its chief executive. Polman is an unusual boss, who spends substantial amounts of time travelling and lecturing on issues such as global poverty, climate change and refugees. ...
Britons spend more on food and leisure, less on booze, smoking and drugs image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:03:11 AM
.... We often hear the poor criticised for being wasteful, that’s a hard argument to make when the richest are spending more on their pets than the poorest are on clothing their families. “We know millions more are in danger of falling into debt and poverty. ...
Trump's changed stance on Nato, will he sober up about IMF and WTO? | Barry Eichengreen image
.... Trump’s record on the campaign trail and Twitter is not heartening. Back in 2012, he tweeted criticism of the World Bank for “tying poverty to ‘climate change’” (his quotation marks). ...
Inflation could push 4m more Britons below poverty line, study finds image
Source : Guardian [Read Article] Wednesday 15th of February 2017 12:01:18 AM
. At least 4 million people are at risk of falling below the poverty line because of rising food and fuel prices, a new study from the Joseph Rowntree Foundation has warned. ...
UK inflation rises to 1.8% spurred by weak pound and rising fuel costs image
Source : Guardian [Read Article] Tuesday 14th of February 2017 10:30:41 AM
.... The MIS is a measure of what level of income is needed for a decent living standard, as defined by the public. With prices in the shops going up, the foundation is warning that millions of just managing families are on “the tipping point of falling into poverty”. ...
Utopian thinking: the eclipse of neoliberalism heralds a new dawn of sharing | Minna Salami image
.... Even organisations such as the International Monetary Fund, a champion of neoliberalism if ever there was one, openly question it too. Unsurprisingly, it turns out that people do want government to deal with their problems – especially when it comes to issues of health, poverty, old age, disability and education. ...
No place like home: America’s eviction epidemic image
Source : Guardian [Read Article] Sunday 12th of February 2017 10:00:03 AM
.... It invites depression and illness, compels families to move into degrading housing in dangerous neighbourhoods, uproots communities, and harms children. Eviction is not merely a condition of poverty; it is a cause of it too. ...
BA cabin crew call four-day strike over pay image
Source : Guardian [Read Article] Friday 10th of February 2017 05:04:46 PM
.... It has staffed some planes with higher-paid BA crew from its long-standing long- and short-haul fleets, while some flights have been operated by airlines such as Titan. Unite’s national officer, Oliver Richardson, said: “BA should focus on addressing poverty pay in its mixed fleet, rather than continuing to waste hundreds of thousands of pounds on chartering in aircraft to cover striking workers. ...
Lack of transparency over green energy subsidies 'shambolic', say MPs image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:01:00 AM
....“All the cheap deals offered are for direct debit, and they can be £300-£400 a year cheaper than prepay prices for someone on typical use,” he said. “That is a national disgrace, because most of the poorest people in our society have prepayment meters – the most potent poverty premium possible. ...
British Airways cabin crew begin six days of strikes image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:58:36 PM
....Low-paid cabin crew at British Airways have begun six days of industrial action, as the airline takes an increasingly hard line on strikes by employees. Members of the mixed fleet at Heathrow were set to walk out for most of this week from Sunday in a dispute over what the union, Unite, describes as poverty pay. ...
Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott image
....With public support waning, Tsipras is once again hanging tough. He aroused the ire of the Europeans by giving a Christmas bonus to pensioners and free school meals to poverty-stricken families. ...
Grexit? Greece again on the brink as debt crisis threatens break with EU image
Source : Guardian [Read Article] Friday 3rd of February 2017 02:36:32 PM
....Bereft of growth and battered by cuts and tax increases, Greeks have become poorer and ever more cognizant of their own insolvency in a state where sovereignty exists in little more than name. One in three now live below the poverty line and unemployment hovers around 23%. ...
Bank of England sharply raises UK growth forecast image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:46:31 PM
....“At close to full employment and with stable expected growth, with its large balance sheet and negative real rate policy, the BoE is at risk of engendering a return to high indebtedness, inadequate saving and ultimately a return to boom-bust,” he said. Anti-poverty campaigners the Joseph Rowntree Foundation said the Bank’s brighter outlook on growth would bring little comfort to those on low incomes – a group the government has dubbed “just about managing” and vowed to help. ...
Prison entrepreneurship: 'Giving a little bit of belief goes a long way' image
Source : Guardian [Read Article] Thursday 2nd of February 2017 07:30:24 AM
.... This second part will provide students with advice, equipment and, possibly, funding to launch and grow their business. One ex-prisoner and now entrepreneur remembers the lack of any support after prison and his fear that this would spiral into homelessness and poverty. ...
Struggling households urged to ACT NOW to beat April water bill RISES image
Source : Daily Express [Read Article] Wednesday 1st of February 2017 02:25:00 PM
....Customers struggling to pay household bills may be able to boost their income by using the Benefits Calculator and Grants Search tool on CCWater’s website. Since partnering with poverty relief charity Turn2Us to launch the tools last January, consumers have identified annual welfare benefit entitlements of more than £3. ...
Statisticians fear Trump White House will manipulate figures to fit narrative image
....US statisticians are concerned that Donald Trump’s administration might suppress or manipulate public statistics that don’t fit his narrative of the truth, the Guardian has learned. In a series of interviews, individuals who have recently left high-level positions at federal statistical agencies expressed worry that the administration may stop collecting and publishing data on subjects such as abortion, racial inequality and poverty. ...
British Airways cabin crew to stage six-day walkout in pay dispute image
Source : Guardian [Read Article] Friday 27th of January 2017 05:03:28 PM
.... Unite claims the average pay is £16,000, including allowances. Unite’s national officer, Oliver Richardson, said: “Rather than addressing poverty pay, British Airways is spending money hand over fist on chartering in aircraft to cover striking cabin crew. ...
Hermes facing legal challenge from its self-employed workers image
Source : Guardian [Read Article] Thursday 26th of January 2017 01:26:01 PM
....Field said: “A bright light is now being shone on the vulnerable underbelly of Britain’s labour market. We are beginning to see how a small army of people going out to work every day in the gig economy do so for poverty wages, facing chronic anxiety and insecurity, and without the basic protections which many of us take for granted. ...
Workers from poorer backgrounds face class earnings penalty – study image
Source : Guardian [Read Article] Thursday 26th of January 2017 12:01:02 AM
....”. A government spokesman said: “Work is the best route out of poverty and education is key to making sure everyone can go as far as their talents will take them. ...
'There's a danger of a generation who can't afford to retire' image
Source : Guardian [Read Article] Monday 23rd of January 2017 08:05:59 AM
.... He argues that retirement for future generations is going to be increasingly difficult. While Britain has made great progress in tackling pensioner poverty over the last two decades, as people currently in their 40s and 50s reach retirement, he predicts a return to mass pensioner poverty not seen for 30-40 years. ...
High-density London: past, present and future image
Source : Guardian [Read Article] Sunday 22nd of January 2017 10:02:21 AM
. High and rising population density is routinely associated with poverty and squalor and the miseries of distant shanty towns. ...
Brad Pitt and Angelina Jolie: faces of the new 'global citizen class'? image
Source : Guardian [Read Article] Friday 20th of January 2017 05:50:56 PM
....“An elite group are able to channel their wealth into multiple properties while millions of people don’t have a roof over their heads,” said Oxfam’s inequality policy adviser, Chiara Mariotti. “We need to rebalance our economies so they work in the interests of everyone – especially the poorest – for example by ensuring the super-rich pay their fair share towards the fight against poverty. ...
Globalisation has made the world a better place | Jim O'Neill image
Source : Guardian [Read Article] Wednesday 18th of January 2017 10:07:59 AM
....Moreover, economic inequality among countries has declined sharply in the past 20 years, owing partly to China’s rise, as well as to economic development across Asia, Latin America and elsewhere. In fact, by 2010, the United Nations had already achieved its millennium development goal of halving poverty by 2015, and recent projections suggest that, by 2050, poverty will be eradicated everywhere except Africa. ...
BA to operate all Heathrow long-haul services during strike image
Source : Guardian [Read Article] Monday 16th of January 2017 05:04:01 PM
....”. Unite claims the mixed fleet crew are on “poverty” pay rates, with many forced to take on second jobs or turn up for shifts if they are sick because they cannot afford to be off ill. ...
Eight men own more than 3.6 billion people do: our economics is broken | Mark Goldring image
.... The eight include some of the world’s largest philanthropists and those, such as Warren Buffett and Bill Gates, who have spoken out against the shocking scale of inequality in the world. These eight men are not themselves the cause of the poverty so many still live in. ...
Politicians have ignored the working class for too long | Phil McDuff image
Source : Guardian [Read Article] Monday 16th of January 2017 10:00:20 AM
....The issues that matter are wages, jobs, security, the capacity to have a decent life, the feeling that going to work actually matters, that there’s a point trying. These desires for a life that is more than just an endless cycle of poverty and insecurity are not simply ignored but actively resisted. ...
The new retirement: how an ageing population is transforming Britain image
Source : Guardian [Read Article] Monday 16th of January 2017 08:07:13 AM
....“We have a tendency to depict people aged 50 to 74 in the press and in public life as rich and successful, even powerful, and it’s really important to know that this is only one of a number of different experiences of old age,” she said. “But the inequalities are greater in this age group than in any other: living in poverty, with difficulties maintaining and heating houses, suffering from malnutrition, needing help and care and being unable to find it – these are all also common experiences of this age group. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
....Last year, Oxfam said the world’s 62 richest billionaires were as wealthy as half the world’s population. However, the number has dropped to eight in 2017 because new information shows that poverty in China and India is worse than previously thought, making the bottom 50% even worse off and widening the gap between rich and poor. ...
Robotics, Trump and Brexit turn up the heat amid the snow of Davos image
Source : Guardian [Read Article] Saturday 14th of January 2017 03:59:30 PM
....Xi will deliver the opening plenary address on Tuesday, and use it to defend cooperation and economic globalisation. He’s expected to warn that countries could face rising confrontation, poverty and war if they descend into protectionism and isolationism. ...
Bleak trend of low, part-time wages in UK is revealed image
Source : Guardian [Read Article] Friday 13th of January 2017 06:01:09 AM
....”. Anti-poverty campaigners are expected to use the figures to show how men with low skills and in areas of the country with few jobs are among the worst hit by the loss of well-paid full-time employment. ...
BA cabin crew to hold further three-day strike over 'poverty pay' image
Source : Guardian [Read Article] Thursday 12th of January 2017 05:24:43 PM
. Almost 3,000 cabin crew from British Airways’ mixed fleet branch at Heathrow will strike again next week in a row over what the union describes as poverty pay. ...
Ethical gift market helps Oxfam post highest Christmas sales for five years image
Source : Guardian [Read Article] Thursday 12th of January 2017 12:01:12 AM
....Oxfam, which has 650 shops nationwide, said the extra sales would provide a £1. 7m boost to its work fighting global poverty and suffering. ...
Xi Jinping to become the first Chinese president to attend WEF in Davos image
Source : Guardian [Read Article] Wednesday 11th of January 2017 05:05:51 PM
....In an opening address to the conference in the exclusive ski resort, Xi will defend globalisation as US President-elect Donald Trump’s threatens trade barriers and a US retreat from international deals. Xi will warn other world leaders, business executives and celebrities that the rise of populism could lead to “war, poverty, confrontation and domination” as he takes on the mantle of defending globalisation. ...
World Bank predicts 2.7% global economic growth in 2017 image
Source : BBC [Read Article] Tuesday 10th of January 2017 09:00:21 PM
....The Bank says that globally, new trade restrictions reached a post-financial crisis high last year, and warns that emerging and developing economies would be most affected by more barriers. This could hit the economies of some of the worlds poorest country's hardest, the report warns, saying growth has been the main driver of poverty reduction for the last two decades. ...
Trump and Brexit put global economic growth at risk, World Bank says image
Source : Guardian [Read Article] Tuesday 10th of January 2017 09:00:00 PM
.... “Now is the time to take advantage of this momentum and increase investments in infrastructure and people. This is vital to accelerating the sustainable and inclusive economic growth required to end extreme poverty. ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
.... A 20:1 ratio would have much less of an effect at a hedge fund than it would on a regular company, which is doubtful the intended consequence. Controlling wealth accumulation is a race to the bottom – the Labour leader would do better to focus on poverty alleviation rather than pay intervention. ...
UK inequality narrows but many working people are worse off image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:16:03 PM
....1% rise in median incomes, from £21,114 to £21,770. Anti-poverty campaigners also said the breakdown of incomes into large groups failed to capture the soaring earnings of the super-rich and executives in the top 1%. ...
Live for today, go broke in the future warning for 80% of workers image
Source : Daily Express [Read Article] Tuesday 10th of January 2017 03:20:00 PM
. Of those people who sought financial advice las year, a staggering 80 per cent were risking poverty in retirement as they either had no money put aside or too little. ...
BA cabin crew start two-day strike at Heathrow image
Source : BBC [Read Article] Tuesday 10th of January 2017 12:01:19 AM
....The strike, by 2,900 members of the Unite trade union, is in pursuit of higher pay for members of the so-called "mixed fleet". Those are staff who have been recruited by BA since 2011, and who are paid what the union calls "poverty wages". ...
London Underground strike kicks off week of tube, air and rail walkouts image
Source : Guardian [Read Article] Sunday 8th of January 2017 09:14:07 PM
.... Three further strike days are expected to start on 24 January. Thousands of British Airways cabin crew will start a two-day strike on Tuesday over what their union, Unite, describes as poverty pay. ...

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