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  2. Standard of living - Wikipedia

    en.wikipedia.org/wiki/Standard_of_living

    Standard of living is the level of income, comforts and services available to an individual, community or society.A contributing factor to an individual's quality of life, standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political, and environmental matters. [1]

  3. Minimum Income Standard - Wikipedia

    en.wikipedia.org/wiki/Minimum_Income_Standard

    The present system, using MIS to calculate living costs separately for London and the rest of the UK, was designed in 2016 under the supervision of the Living Wage Commission, to replace the previous systems in which the London and out of London rates had been set using different methods.

  4. Poverty in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Poverty_in_the_United_Kingdom

    Poor health reduces economic productivity and, since health is worse in the north of England, this is a factor in low economic productivity in the north. [77] In November 2023, The Trussell Trust calculated that a single adult in the UK in 2023 needs at least £29,500 a year to have an acceptable standard of living, up from £25,000 in 2022 ...

  5. Living wage - Wikipedia

    en.wikipedia.org/wiki/Living_wage

    Cost of a basic but decent life for a family [1] [2]. A living wage is defined as the minimum income necessary for a worker to meet their basic needs. [3] This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity.

  6. Economy of England - Wikipedia

    en.wikipedia.org/wiki/Economy_of_England

    During the age of steam locomotion, the economy in England strove to develop reliable technology for powering high-speed rail services between major cities. High-speed rail in England is provided on five upgraded railway lines running at top speeds of 125 mph (200 km/h) and one purpose-built high-speed line reaching 186 mph (300 km/h).

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  8. Pensions in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Pensions_in_the_United_Kingdom

    Following the passage of the Old Age Pensions Act 1908 a pension of 5/- per week (£0.25, equivalent, using the Consumer Price Index, to £33 in present-day terms), [2] or 7/6 per week (£0.38, equivalent to £49/week today) for a married couple, was payable to persons with an income below £21 per annum (equivalent to £2800 today), The ...

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