Ministers should ‘stop managing scarcity’ in living standards push

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LONDON, ENGLAND - MARCH 03: Chancellor of the Exchequer Rachel Reeves departs to present the government's Spring Forecast to the House of Commons, at No.11 Downing Street on March 03, 2026 in London, ...

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Chancellor Rachel Reeves gives an update on her plans for the UK economy.  Government policy should concentrate on reducing the cost of essentials to help improve living standards for lower-to-middle income households, according to a new report from Bright Blue.The centre-right think tank argued that policy should focus on lowering energy costs and improving housing affordability, two areas where the UK performs particularly poorly compared to international peers.According to Bright Blue’s research, the combined costs of housing and energy are 44 per cent higher in the UK than across the OECD average.This has hit poorer households much harder than richer ones, since they tend to spend a much greater share of their income on essentials.Lower house prices to boost living standardsTo","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LPA":"Logistic Properties","BK4539":"次新股","BK4233":"房地产运营公司"},"translate_title":"部长们应该“停止管理稀缺”来提高生活水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LPA":1},"content_text":"LONDON, ENGLAND - MARCH 03: Chancellor of the Exchequer Rachel Reeves departs to present the government's Spring Forecast to the House of Commons, at No.11 Downing Street on March 03, 2026 in London, England. Chancellor Rachel Reeves gives an update on her plans for the UK economy. (Photo by Leon Neal/Getty Images) Government policy should concentrate on reducing the cost of essentials to help improve living standards for lower-to-middle income households, according to a new report from Bright Blue. The centre-right think tank argued that policy should focus on lowering energy costs and improving housing affordability, two areas where the UK performs particularly poorly compared to international peers. According to Bright Blue’s research, the combined costs of housing and energy are 44 per cent higher in the UK than across the OECD average. This has hit poorer households much harder than richer ones, since they tend to spend a much greater share of their income on essentials.\n\nThe report found that low-to-middle income households spent 8.5 per cent of their disposable income on energy in 2023-24, up from 5.9 per cent in 2019-20. For households earning above the median income, the equivalent figure in 2023-24 was 5.6 per cent. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAnd with regard to housing, the think tank found that the poorest quarter of the population spent just over a fifth (21 per cent) of household income on housing, three-and-a-half times more than the richest quarter. “While real incomes have stagnated for most income brackets in the UK, costs for low-to-middle income households have uniquely risen,” Bartek Staniszewski, head of policy of Bright Blue said. “Policymakers urgently need to focus on striving for plenty rather than just managing scarcity as a means of significantly improving living standards for low-to-middle income households.”\n\nLower house prices to boost living standardsTo help improve housing affordability, Bright Blue suggested that Local Planning Authorities (LPA) should not be able to block housing developments unless a Local Development Order (LDO) is already in place.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.37.0","shortVersion":"4.37.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2617540017","isCrawlerRequest":true}