In July 2012, the Joseph Rowntree Foundation published research updating its annual ‘minimum income standard’ for the United Kingdom asking what people need to achieve a socially acceptable standard of living.
Research findings include: ‘Since 2008, actual incomes have risen much more slowly than minimum income requirements. While required earnings for single people have risen in line with prices, for families with children they have risen much faster than this – by 16 per cent more than inflation for a couple with two children. In addition to the effect of higher living costs, cuts in tax credits for families with children have outweighed the benefit of higher tax allowances’.
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