This week Byrne was gifted the Institute for Fiscal Studies (IFS) report, a hard-headed impact assessment of tax and benefit changes that found children hit hardest and non-working lone parents losing £2,000 a year. Half a million families with children under 5 will fall into absolute (not relative) poverty, despite all Cameron\’s mendacious \”social mobility\” cant.
Really? Absolute poverty means less than $1.25 a day on a PPP basis according to the World Bank.
I sorta tend to doubt that\’s really going to happen.
But there is another meaning of absolute poverty. Relative poverty is less than 60% of median earnings adjusted for household size. Absolute poverty is less than 50%.
So, absolute poverty is still relative, d\’ye see?
Amazing what you can manage if you\’re allowed to define the meanings of words.