The Perfect Storm: Economic stagnation, the rising cost of living, public spending cuts, and the impact on UK poverty

Look Inside The Perfect Storm: Economic stagnation, the rising cost of living, public spending cuts, and the impact on UK poverty
64 pages

Authors
Haddad, Moussa

Publication date
14 Jun 2012

ISBN
978-1-78077-118-2

Publisher
Oxfam GB

Type
Policy paper

The combination in the UK of economic stagnation and public spending cuts is causing substantial hardship to people living in poverty. This amounts to a ‘Perfect Storm’ of falling incomes, rising prices, public service cuts, benefit cuts, a housing crisis, and weak labour rights. By making different political choices, the government can both protect people in poverty and help to stimulate economic recovery in the short term, and set the UK on the way towards economic, social and environmental sustainability in the long term.

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