Commenting on the IFS analysis of poverty figures released today, Mark Littlewood, the Director General of the Institute of Economic Affairs, said:
“Today’s figures tell us very little about actual poverty levels in the UK. We urgently need to review how poverty is measured. The current measures are arbitrary, they are not connected to the price of actual goods which people need to survive.
“We need a plan for economic growth, which will also help keep prices down.”
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Notes to editors
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
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