South Lanarkshire Council’s Cost of the School Day Conference took place this week, where the local authority further cemented its commitment to equity by launching its Cost of the School Day guidance, and ten proposals.
Today’s official poverty statistics show child poverty has reached a record high with an estimated 100,000 more children pulled into poverty last year.
On Thursday 21 March, the annual Households Below Average Income (HBAI) report will be released by the Department for Work and Pensions. Estimates are provided for average incomes, income inequality, and for the number and percentage of people living in poverty. The statistics are the UK’s official source of poverty estimates and, with a larger sample size than other surveys, are the main source of data on household and individual incomes.
Our pre-Budget briefing details how best to invest financial support in children to reduce child poverty and give every child the chance to fulfil their potential.
Racial inequalities in child poverty are particularly stark, with over half of children from Black, Pakistani and Bangladeshi backgrounds likely to grow up in poverty. Economic structures that reinforce gender inequality and entrench systemic racism mean that certain groups, including women, children and Black and minority ethnic families are much more likely to be living in poverty.
Today’s annual poverty statistics show an estimated 350,000 more children were pulled into poverty last year, largely because the Government cut the £20 universal credit (UC) uplift half-way through the year. New CPAG analysis shows child poverty costs the country £39.5 billion a year.
The cost of child poverty extends beyond the physical and emotional hardship felt by children growing up in low-income families. In 2008, the total financial cost was estimated to be at least £25 billion a year. In 2023, it has risen to over £39 billion a year.