FINANCE

Industrial strategy will help local government

A pair of very contrasting reports have been published on the cost of poverty to local government. Michael Burton examines the results and considers the impact of Theresa May's stance on industrial policy

Reducing inequality, boosting incomes and helping the poor is back in fashion under this supposedly One Nation government which also believes the fruits of globalism should be more widespread than just the Northern Powerhouse. Two reports this week however confirm the scale of this challenge. Each come to the same conclusion, though from opposite perspectives, namely that poverty costs local government and ultimately the taxpayer shedloads of money. For the Joseph Rowntree Foundation this means incomes must be boosted so poverty is cut.

For the Centre for Policy Studies (CPS), it is the welfare bill that must be slashed. 

Michael Burton

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