The Cost of Living and Levelling Up: Why the poverty premium matters for local economies
As UK households face the sharpest increase in the cost of living in a generation, it is more important than ever to keep as much money as possible in people’s pockets.
The poverty premium is the extra costs people on low incomes and in poverty pay for essential products and services. This report reveals the economic impact of the poverty premium at a constituency level across Britain.
This research highlights the opportunity government has to strengthen local economies across Britain by taking centralised action on the poverty premium.
Published in June 2022 by the University of Bristol and Fair By Design.