The Joseph Rowntree Foundation, a pressure group on social policy, says that 'poverty' costs the UK £78bn a year. It bases its findings on those living below 60% of the median wage, and its list contains:
£29bn on treating health conditions associated with poverty
£10bn on schools providing free school meals and the pupil premium
£9bn on the police and criminal justice system for poorer people
£7.5bn on children's services
£4.6bn on adult social care
£4bn on housing
What the other £14bn is spent on is not clear.
Call me Mr Cynic, but what is the median wage? Throwing out the word is meaningless, give us the number. Once we have the number, does 60% of it really represent poverty in present day UK? And of all the things listed would they be eradicated if everyone was on the median wage or would some still need to be spent? If they are not eradicated then the £78bn is a fictitious figure.
Just to be clear. 60% of the median wage is £14,800 per year - £285 per week. It is not a King's ransom, but poverty?
The report is nonsense.