The current economic climate and its impact on ... AWS

Report 0 Downloads 39 Views
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

[

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