Living standards shouldn’t be the government’s only priority. But they are a very real measure of whether people’s lives are going well and, understandably, it is often how the public judges whether a government is doing its job. For this government to secure a second term, it will need to deliver tangible improvements in living standards. This report shows how the government can make people better off in highly challenging circumstances. It sets out how policies can be prioritised, coordinated and communicated in practice, with three key ‘pillars’.
This report sets out how the UK can address the poverty premium and make markets work for low-income families. It sets out the scale of the poverty premium before looking at the reasons why markets, regulators and the government fail families. We identify a number of recommendations to help people to keep more of their money in their pockets and rebuild financial security for all consumers.
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