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On 11 October, the Social Investment and Finance team in the Office for Civil Society changed its name and ambition. Now it will be the Government Inclusive Economy Unit with a remit to innovate and contribute to the broader agenda of an economy that works for all.
Being poor is not just about being unable to afford those ‘nice to have’ things - it’s being forced to pay more for the absolute essentials, such as gas, electricity, banking, household goods and even groceries simply because you are living in poverty. It’s called the ‘poverty premium’ and it is effectively a tax on the poor.
The phrase ‘knowledge is power’ is more relevant now than ever in our high tech, fast-moving and often digitally overloaded world, so it’s interesting the saying is widely attributed to Sir Francis Bacon and dates back to around 1597.