This is the 2012 update of the Minimum Income
Standard for the United Kingdom, based on new
research into what members of the public think
people need for an acceptable minimum standard
Budgets for families with children, originally researched in 2008, have for the
first time been researched again from scratch. Budgets for other household
types have been reviewed. Overall, the report shows that in the past four
years both minimum living costs and the earnings needed to afford them have
risen significantly more than headline inflation for families with children. For
households without children, they have remained more stable.
This report shows::
• what incomes different family types require in 2012 to meet the minimum
• how much the cost of a minimum household budget has risen since the last
update in 2011.
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