"…the IEA is always challenging and thought-provoking." – David Laws MP
On 3 June, the IEA is hosting a panel discussion with Prospect to examine how the Labour Party should address the cost of living. With living standards set to be a key issue at the next election we examine how cutting taxes and tackling vested interests can help to make life more affordable for hard-pressed families. Speakers include: Dan Hodges, Paul Ormerod, John Rentoul and Gisela Stuart MP. The discussion will be followed by a drinks reception. For more details and to RSVP, click here.
Relative poverty measures are deeply flawed, but that does make absolute measures any better. Poverty is not absolute. Perceptions of what is a ‘necessity’ and what is merely a convenience change over time. Our great-grandparents would not have considered a washing machine, central heating or an indoor bathroom to be necessities. To us, they are necessities, and this is simply because we live in societies where virtually every household has these items.
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