Wednesday, 24 August 2011

Feeling Poor, You're Not Alone

Low and middle income people are struggling with rising inflation and a poorly managed economy. There is little hope in the job market, and many prices are rising far above incomes or official inflation rates.

Research by Ipsos Mori found that 48 per cent of people in low to middle-income households – defined as having a gross income of between £12,000 and £48,000 a year – have any cash left over at the end of each month. This is compared with 66 per cent among higher-income households.

Rail fairs set to rise by around 13%, bus fairs 7%, food prices have doubled in the last 20 years.

People have been asking if there is a plan B for the economy, we want a Green New Deal.
. Massive investment in renewable energy and wider environmental transformation in the UK, leading to,
. The creation of thousands of new green collar jobs
. Reining in reckless aspects of the finance sector - but making low-cost capital available to fund the UK's green economic shift
. Building a new alliance between environmentalists, industry, agriculture, and unions to put the interests of the real economy ahead of those of footloose finance.

In other countries wealthy people, including L'Oréal heiress Liliane Bettencourt, have signed a petition to pay more tax following US billionaire Warren Buffett's call to raise taxes on the super-rich.

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