According to the analysis, the wealthiest fifth of Britons have a net household income averaging £48,700 and they use public services with an estimated value of £5,400 each year. The poorest fifth have an average income of £13,800 but use public services totalling £11,500.
See? I think I\’m right in saying that median household in come is around mid to high 20ks?
So if the bottom quintile have an average household consumption of mid 20 ks, then is it really true to say that there are any poor people at all?
It is, after all, consumption, not income, which is the important determinant of poverty or not, isn\’t it?