A minimum income standard for the UK in 2010

Year of publication
2010
Author
Davis, A.; Hirsch, D.; Smith, N.
Abstract

This report presents the 2010 update of the Minimum Income Standard (MIS), originally published in 2008. The standard is based on research into what items members of the public, informed where relevant by expert knowledge, think should be covered by a household budget in order to achieve a minimum socially acceptable standard of living. Originally researched as a standard for Britain, it has now been extended to cover the whole of the UK, after additional research in Northern Ireland. Living expenses and living standards change over time, and the MIS needs to keep up to date. The report considers two aspects of uprating the standard for 2010: changes in prices that influence the cost of a minimum ?basket? of goods and services, and changes in society that may influence what items should be included in that basket.

 
Read online