Macroeconomics: UK economy, IB Economics

This Newsnight clip looks at the extent to which the cost of living crisis has generated significant pockets of poverty, with people missing meals in order to feed their children and experiencing food poverty as a result. 

This is what poverty looks like. Is it appropriate for the world's sixth largest economy. 

Should the pandemic have changed attitudes to food poverty? Certainly that's what the Commons Environment, Food and Rural Affairs Committee think arguing that gains that have been made during the pandemic should be sustained, with the creation of a food security mininster.

Another insight into the cost of living crisis with the Food Standards Agency reporting that an increasing number of people are skipping meals or using foodbanks as a result of rising food prices. Worrying times.

This is a really insightful piece that highlights the multi-dimensional aspects of poverty in the UK. Aditya Chakrabortty isolates a number of factors: food, fuel, child, clothing, transport and digital, among others.

And he's right: poverty is not just about a lack of income, it's fundamentally about a lack of opportunity and it's about social exclusion as a result of the intersection of various factors, and instead of paying it lip-service, the article argues that we need to be serious in tackling it.