What is the point of social security?

What impact should our social security system have on poverty and disadvantage? It is a fundamental question for welfare states, but one that inevitably pivots on contested ideas surrounding human need, desert and motivation. To decide the level at which benefits should be set, decision-makers have tended to fixate on questions of work or contribution and neglect more basic issues of adequacy and coverage. While there are all sorts of overlapping functions of social security, arguably the central purpose should be to provide a basic minimum that prevents or alleviates poverty.

The cost of debt for low-income households in the cost of living crisis

As the cost of living crisis enters a dangerous new phase, it’s pushed millions of people to rely on unsecured lending as a last resort to pay for bills and essentials. With interest rates rising, and inflation stubbornly high, it’s unclear how much more pressure this strategy can bear.

Gotta get through this, Energy Bills this Winter

Britain’s energy bill crisis is not over: Ofgem’s imminent confirmation of the Q4 2023 price cap is expected to show that annualised typical energy bills will be above £1,900 from October, close to double those before Russia’s invasion of Ukraine, and only a little below the effective level of £2,100 from last winter that resulted from the combination of the Energy Price Guarantee and universal £400 payments through the Energy Bills Support Scheme.

The Triple Lock has increased state pension spending and creates uncertainty for current and future generations of pensioners

On Tuesday (12 September), the Office for National Statistics will release its estimate for average earnings growth over the three months from May to July 2023 compared with the same months in 2022. It is this figure that is typically used as the measure of earnings for the pensions triple lock and, because it is likely to be above both 2.5% and CPI inflation, it will probably determine next April’s increase in the state pension.