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Poverty

Low Pay and Job Security

 

  • Make the minimum wage a living wage

Government Action

 

  • The Office for Budget Responsibility will be given a new role in accessing and forecasting levels of poverty, while the Social Mobility and Child Poverty Commission will have it’s remit extended to the whole of the UK to more effectively hold the government to account.

Inequality

 

  • The central bank will be required to consider the reduction of inequality (as measured by the GINI coefficient) when formulating monetary policy to balance its existing remit of maintaining price stability and inflation at 2%.