The impact of policy on income relative to the Minimum Income Standard 2010-2022
New analysis by Donald Hirsch shows how the incomes of people who are out of work or on low earnings have changed, relative to the Minimum Income Standard, between 2010 when the Coalition took office and 2022, the scheduled end of the present Parliament.
The analysis shows how the benefits freeze and other cuts have made families without work, in part-time work and with a lone parent substantially worse off. A small minority of families will make net gains as a result of the introduction of the National Living Wage, but only those with two earners on the Minimum Wage. The analysis suggests that the worse off you were to start with in 2010, the greater the price you have had to pay for austerity.