London, UK—October 9, 2024: Taxpayers Against Poverty (TAP) is calling for an urgent shift in economic policy, urging that economic growth be made more inclusive and beneficial to all sectors of society. The organisation warns that growth focused solely on increasing GDP, without considering the well-being and financial stability of every citizen, exacerbates inequality and leaves the most vulnerable even further behind. TAP will be producing a brief overview of what actions can be taken.
As the new government aims for rising GDP figures, TAP cautions that these numbers alone cannot reflect the true state of economic prosperity if they fail to address the struggles faced by millions of households. With inflation eating away at incomes, and wages not keeping up with the cost of living, many are finding themselves trapped in a cycle of poverty despite being in work.
Tom Burgess, Chair of Taxpayers Against Poverty, said
"It’s time we redefine what successful economic growth means. Economic policies should lift people out of poverty, not push them into it. Growth that enriches a few while leaving others to struggle with basic living expenses is neither sustainable nor ethical."
TAP emphasises that inclusive growth should ensure fair wages, affordable housing, and secure access to essential services such as healthcare and education. Recent statistics reveal that despite economic growth, the number of families relying on food banks has risen sharply, highlighting a disconnect between government policy and real-life outcomes.
A Call for Change
Taxpayers Against Poverty is calling on policymakers to adopt a people-first approach by implementing policies that ensure everyone benefits from economic growth. This means focusing on quality jobs, accessible housing, and a social safety net that prevents people from falling through the cracks.
Tom Burgess added:
“We urge the government to prioritise measures that create opportunities and security for all, rather than policies that disproportionately benefit those who are already financially secure. Economic growth should not come at the expense of social stability or basic human dignity.”
Inclusive Growth for a Better Future
TAP's vision for inclusive growth includes the introduction of the Real Living Wage, expanding social housing, and increasing investment in public services. The organisation believes that by aligning economic policies with the needs of the most disadvantaged, the UK can build a stronger, more resilient economy that benefits all.
Tom Burgess concluded:
“True prosperity means more than just high GDP numbers. It means creating a society where every citizen has a fair chance to thrive.”