Poverty a permanent fixture of UK’s economy
Poverty and insecurity are becoming permanent features of the economy despite the nation’s economy growing faster than any other in the developed world in 2014, JRF’s chief executive, Julia Unwin has warned.
New figures show the UK’s economy grew at 2.6 per cent last year, outstripping the US which grew at 2.4 per cent. However, the divide between wealthy and less wealthy that was accentuated by the recession has remained, said Ms Unwin (pictured).
She said: “Our labour market is now split in two – there are good and rewarding roles for many, but a proportion of workers, particularly in the care, retail and hospitality sectors on which we all rely, remain permanently in poorly-paid roles.”
– Watch the second annual Joseph Rowntree poverty lecture: Growth, equity and work, featuring Cambridge professor of economics, Ha Joon Chang.