The current economic climate and its impact on residents and you Helen Williams, assistant director National Housing Federation
Influences The lingering impact of the Financial Crisis
Shifting economic power
The state will be smaller in future
UK GDP
Uncertain growth prospects
UK Debt
Autumn Statement projections
Cutting the deficit
Households remain highly leveraged
The end of big government
The rise in inequality
Wages fall
Are we all in this together?
Sources: IFS Tax and Benefit Reform
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Are we all in this together?
Poverty
Underemployment
Soaring costs of essentials
What does all this mean? • • • • •
Income risk Management activity stretched & costs up Risk management and strategic planning Maintain investment in additional services Or return to basic business model?
Helen Williams
[email protected] assistant director, neighbourhoods National Housing Federation