Current government policy will result in a rise in poverty in the UK, according to forecasts by the Institute for Fiscal Studies (IFS) in Child and Working-Age Poverty from 2010 to 2020. The report, commissioned by the Joseph Rowntree Foundation, predicts that between 2009 and 2015 the number of children in relative poverty will rise by 300,000, taking the proportion to 22.2 per cent; the number of adults of working age in relative poverty is predicted to rise by 700,000 in the same period. The levels of poverty are also expected to continue to rise between 2015 and 2020.
The report also predicts that, because real incomes are set to continue to fall among low income families, ‘absolute child and working-age adult poverty are forecast to rise continuously and by more than relative poverty’ between 2009 and 2013.
Key points include: