🚨 NEW from JRF:

This is a #MiniBudget that has wilfully ignored families struggling through a cost of living emergency and instead targeted its action at the richest.

It leaves those on the lowest incomes out in the cold with no extra help to get them through the winter. 🧵
Families on low incomes can’t wait for the promised benefits of economic growth to trickle down into their pockets.

The energy price cap fixes bills at a level already unaffordable for many and was never going to be enough to solve the problem for those on the lowest incomes.
The Government should have combined its decision to put money into the pockets of high earners with a decision to increase benefits early.

Those on the lowest incomes have already run out of options – forced to cut back on food and energy, go into debt and into arrears.
The Government may have an economic theory, but today it has proven it has no understanding of the economic reality facing millions across the UK.

We've published our response to the #MiniBudget in full, here 👇
jrf.org.uk/press/joseph-r…

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More from @jrf_uk

Aug 26
🚨 NEW JRF analysis of today's Ofgem price cap and new Cornwall Insight forecasts

Energy bills will fast outstrip people’s incomes to the point where paying them becomes fantasy

Thread🧵👇
🔴 The average low-income family will pay 4 and 1/2 times more for energy in 2023/24 than 2021/22

🔴 Single parents will hand over almost 2/3s of their income after housing costs

🔴 Some single adults' energy bills will make up almost 120% of their income after housing costs
This is a truly impossible situation.

For some households, in order to pay their energy bills alone they would have to use their entire income and find even more money.

They would almost certainly become destitute as a result.
Read 7 tweets
Mar 23
🚨 JRF responds to the #SpringStatement

The Chancellor has abandoned many to the threat of destitution, not economic security, @dminnes

🧵👇 JRF's Head of Economics, Da...
✂️6⃣ "The Chancellor has acted recklessly in pressing ahead with a second real-terms cut to benefits in six months, while prioritising people on middle and higher incomes." JRF's Head of Economics, Da...
❌ "Changes to #NationalInsurance won’t help those who aren’t working or can’t work due to disability, illness or caring responsibilities, to an increasing risk of becoming destitute. This means they will face regularly going without absolute essentials."
Read 14 tweets
Feb 4
A thread on the power of insight to drive change 🧵👇

Last week, as a result of @BootstrapCook's campaign on rising food prices faced by those on a low income, the @ONS restarted the publication of inflation rates by income bands
The power of her intervention was that she’d unearthed a genuinely powerful and original insight, with real implications

We’re thinking hard at JRF about the greater contribution we can make to enhancing insight about poverty
independent.co.uk/life-style/jac…
More specifically, we’re doing so by starting with an ‘infrastructure’ mindset: asking how, as an independent foundation, JRF can enable and open up the generation and use of insight to support social change
Read 8 tweets
Feb 3
🚨 Latest JRF energy bills analysis 🚨🧵

❌ New measures won’t protect the poorest families from the new energy price cap

1⃣6⃣ Families on low incomes will spend on average 16% of their incomes after housing costs on energy bills. This compares to 5% for middle-income families A chart that compares the household spend on gas and electri
4⃣3⃣ Single adult households on low incomes will spend a shocking 43% on average of their income after housing costs on energy bills

2⃣2⃣ Lone parent families on low incomes will spend 22% on average of their income after housing costs on energy bills
💷⬆️ Some families on low incomes will face annual bills as high as £2,326 from April

❌For low-income families with children, the measures will mitigate just 36% of the increase in their bills on average. This compares to 59% for low-income single-adult households
Read 5 tweets
Feb 3
📣JRF responds to today’s announcements on energy costs and the cost of living 🧵

@KatieSchmuecker said:

"The Chancellor has offered cold comfort to families in poverty, who are already rationing what they can spend on essentials such as heating and food... JRF's Katie Schmuecker responds to announcements on energy c
"These families are now expected to find at least half of the eye watering increases in energy bills, when many are already getting into debt to keep their houses warm and food on the table...
"Three quarters of those who can claim the enhanced support are not in poverty. Meanwhile inflation is set to rise at more than double the rate of benefits. This support will not get people through the next few months and it will not protect those most at risk of hardship... JRF's Katie Schumecker responds to announcements on energy p
Read 5 tweets
Feb 2
JRF's @KatieSchmuecker responds to details of the government's levelling up white paper:

"The Prime Minister has defined levelling up as delivering for the poorest, so this strategy should be assessed against its ability to reduce poverty across the country... ⬇️
"A focus on rising employment, pay and productivity will only succeed if it delivers better jobs and pay for people on the lowest incomes. To make this happen we need to see investment in skills, childcare, local transport and affordable housing... 💷👨‍🍼🚌🏠 A quote from JRF's Katie Sc...
"Plans to reform the private rented sector are long overdue and really welcome to see. If done well, they will drive up standards and strengthen tenants’ rights, creating a more just housing system... 🤝🏘️
Read 5 tweets

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