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@JoshMartin_econ Really interesting and important findings. Just one Q on this: By switching away from 'main reason' you presumably then have a non-exclusive set of reasons. Have you looked at what % of the rise the other reasons would account for for comparison?
In the "nerding out" part: the end of the elephant. Between 2008 and 2018, incomes of the globally poor have increased in percentage terms much more than the incomes of the globally rich. The global Gini has gone down.
Some🚨personal news🚨:
Today - after 6 and a half years - is my last day @jrf_uk.
Its been a fab place to work, with brilliant colleagues, and I'm proud of lots we've achieved in that time.
Credit is due to Rishi Sunak for listening, recognising he hadn't provided enough support for those hardest hit by the rising cost of living, and coming back with a big, well-targeted package.
See @R_McDonald_'s thread on what that will mean for low income families:
What a relief - Chancellor has funnelled most of the support to low-income families and used benefits to do so - will be hugely positive news for so many families struggling to get by this year.
NEW: JRF responds to the Chancellor's measures on the cost of living 👇
💬 CEO @PaulKissack: "It is right to target help at those on low incomes, who are least able to bear the shock of soaring energy bills."
What a relief - Chancellor has funnelled most of the support to low-income families and used benefits to do so - will be hugely positive news for so many families struggling to get by this year.
Summary: Chancellor almost doubles the level of energy support to over £30bn (£15bn extra today), and fills the huge gap in previous announcements with large targeted support for those hardest hit. Things to quibble with, but this is big and very welcome indeed
What might the Chancellor announce today to help with the cost of living, and what should he announce?
TLDR: social security is designed to get money quickly to people who need it. Use it to provide some pain relief now & plan major surgery to make it more adequate long term 1/
Lots of speculation about what more the will do to help with cost of living. Various proposals flying around, some of which I found hard to understand the rationale behind. So I have pulled together my take on what govt can/can't/should/shouldn't do https://t.co/q7XOUEnD9N