A Minimum Income Standard for London 2018

The new Minimum Income Standard (MIS) London report shows that 41% of Londoners cannot afford a basic decent standard of living. MIS is the income that people need in order to achieve a minimum socially acceptable standard of living in the UK today. It is based on what members of the public think about essential goods and services, and those which enable genuine participation in society. The new report provides an updated cost of a minimum budget, required for a minimum standard of living, in Inner and Outer London. The research also calculated the difference in a minimum household budget between the capital and elsewhere in the UK. The update is based on what is happening to rents, public transport, childcare costs and wages. This is the fourth in a series of reports by researchers at the Centre for Research in Social Policy at Loughborough University and is funded by the Trust.