Poverty

Chris Snowdon appears on BBC Radio 5 Live

Chris Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs has appeared on BBC Radio 5 Live to discuss the Joseph Rowntree Foundation report which uses the Minimum Income Standard to claim that millions of people are on the brink of falling into poverty.

In the interview Chris argues that inflation is still quite low in historical terms and the bottom fifth of the income distribution have seen the largest rises since 2010. So it’s difficult to believe that levels of poverty have risen to such an extent. And the Minimum Income Standard of living is quite generous in what it deems “basic necessities” including a new wardrobe every year – the level is too high. We should be focusing on those people who are actually in poverty and be helping them.

Listen to the full interview here. Chris’ segment begins at 1:43:30