1. The impacts of ‘austerity’
“Since 2010, the government has announced a succession of measures to cut the country's budget deficit. How have these measures affected your household over the last five years?” (Bank of England survey, 2015)1
“Negatively”:
37% of adults
44% of children2
18.8 million adults negatively affected, of whom:
Low income
households
8.4 million
adults in poorest 40%
Renters
7.9 million
Parents
5.2 million
Long-term sick
or disabled
1.6 million
of working age
One or more of the above 13.8 million
None of the above 5.0 million
1. Bank of England/NMG survey - Sept 2015
2. Children in households where adult said “negatively affected”.
Nick Bailey, University of Glasgow
Posted on – August 2016