07 Jul 2017 | Posted In Money advice news

Joseph Rowntree Foundation (whose Director of Policy and Research Dr Emma Stone is speaking at the MALG Conference 2107 in November) has published its updated Minimum Income Standard for the UK report for 2017. The report is based on what the public think people need for an acceptable minimum standard of living.

It shows:

  • the incomes different family types require in 2017 to meet the minimum standard
  • how the cost of a minimum household budget has changed since the last update in 2016, and
  • how the incomes of people on benefits, and of those working on the National Living Wage, compare to what they need according to MIS.

It recommends two main actions:

  • The Government should lift the freeze on working-age tax credits and Universal Credit, so that support keeps up with the rising cost of living.
  • Alongside this, the Government should lift the freeze on the Work Allowance, so that families can keep more of their earnings.

Read more here.