Child poverty costs the UK economy £29bn a year, according to
latest research by the Child Poverty Action Group.
latest research by the Child Poverty Action Group.
Its report, Local Authorities and Child Poverty: Balancing Threats with Opportunities, contains a detailed breakdown of the areas with the highest child poverty rate and the estimated cost to the economy based on additional health, education and benefits demands. The estimates also take into account loss of future tax revenue.
The research found that each year child poverty costs Birmingham's local economy £914m, Manchester's £446m, Glasgow's £395m and Bradford's £360m.
It estimates that nationally the cost to education and health budgets of dealing with child poverty is £15bn, and £3.5bn is lost in taxes by adults who grew up in poverty when they were children.
