The House of Lords debates the SMC's new measure of poverty for the UK
Tuesday, 22 January 2019
The Social Metrics Commission (SMC) was formed three years ago with the sole and express aim of delivering new poverty metrics for the UK. Speaking in the House of Lords on January 21st, Baroness Philippa Stroud presented to members the findings of the SMC's new poverty measure and challenged the Department of Work and Pensions to adopt the poverty measure as the U.K.'s official metric.
The video of Baroness Stroud's remarks can be viewed here.
The full House of Lords debate can be viewed here.
The full transcript of the debate can read here via Hansard.
Philippa Stroud in Reaction: How Britain can tackle poverty
Monday, 21 January 2019
We have no official measure of poverty in the UK. The government ceased to use its previous measure of poverty in 2016, and despite much debate on both the left and the right, a new measure has yet to be agreed. This should concern us all because it has become all too easy for successive governments to argue about the measurement of poverty, rather than delivering an effective strategy to tackle poverty. Meanwhile the very poorest in Britain – the bottom 20% – have seen no significant improvement in their life circumstances over the last two decades.
You can read the article in full here.
Our CEO gives evidence to Parliament's Work and Pensions Committee on the SMC's new measure of UK poverty
Wednesday, 16 January 2019
For too long, much of the political and policy debate on poverty has focussed on whether and how we should measure poverty, rather than the action needed to drive better outcomes for the most disadvantaged in our society.
In September 2018, the Social Metrics Commission (SMC) launched a new measure of poverty in the UK. Legatum Institute CEO and Chair of the SMC Philippa Stroud tells the House of Commons Work and Pensions Committee why the new measure is the most authoritative measure of poverty in the UK today.
You can watch the evidence session here.
You can find out more about the work of the SMC here.
A new measure of poverty for the UK: a report by the Social Metrics Commission
Monday, 17 September 2018
Our CEO, Philippa Stroud established the Social Metrics Commission with the sole aim of developing new measures of poverty for the UK. The need for an independent Commission was clear; much of the last decade of political and policy debate on poverty has focussed on whether and how we should measure poverty, rather than the action needed to drive better outcomes for the most disadvantaged in our society. If this is to change, developing a metric is not enough; we also need to be able to use it to build a new consensus around poverty measurement and action in the UK.
This report is the culmination of two and a half years of work from our Social Metrics Commissioner which is made up of top thinkers from the left and right and policy and measurement experts with no political position. It outlines a new approach to poverty measurement for the UK and provides original analysis that demonstrates the fundamental changes to our understanding of poverty it creates. Most importantly, the approach, results and recommendations in this report are supported by every Commissioner. They truly represent a consensus view of how we should measure and understand the incidence of poverty in the UK and the experiences of those who are in poverty.
Read the summary here and the full report here.
From Poverty to Prosperity
Monday, 1 August 2016
In their latest paper, authors Shanker Singham and Molly Kiniry make the economic and moral case for how property rights, open trade and competitive markets can serve as a means to lifting people out of poverty, and towards prosperity.
In Defence of the 'C' Word
Monday, 16 November 2015
Capitalism is a force for good—Sajid Javid, the Business Secretary, told an audience of entrepreneurs and media at the Legatum Institute—but it faced its biggest challenge ever in the shape of public opinion.
The Urban Escalator
Thursday, 10 September 2015
The Legatum Institute’s paper The Urban Escalator, was launched with a seminar that examined why and how slums should be redefined, and whether or not utopic settlements are realistic—or even a good idea.
What Does a One Nation Justice System Look Like?
Tuesday, 23 June 2015
Speaking at the Legatum Institute, the Rt. Hon. Michael Gove called for reform of the justice system in England and Wales, in his first speech since being appointed as Lord Chancellor and Secretary of State for Justice.
The Corruption of Capitalism: Britain’s Role
Wednesday, 22 October 2014
The Legatum Institute was pleased to host a dinner with Frank Field, MP for Birkenhead and Chair of the Modern Slavery Bill Review, in conversation with Lord Glasman, Labour life peer, on the challenges facing capitalism.
Escaping the Crisis Trap: New Options for Haiti
Friday, 4 April 2014
Hosted at the Wilson Center in Washington, DC, this panel discussion introduced and explored a new Transitions Forum report, 'Escaping the Crisis Trap: New Options for Haiti', produced in collaboration with the Institute for State Effectiveness (ISE).
The Great Escape: Health, Wealth and the Origins of Inequality
Tuesday, 15 October 2013
Princeton University Professor of Economics and International Affairs, and Legatum Institute Wellbeing Commissioner, Angus Deaton gave a talk on his new book, 'The Great Escape: Health, Wealth and the Origins of Inequality'.