Poverty Social Exclusion And Microfinance In Britain

This is an analysis of the potential of community-based financial services to reduce poverty and combat social exclusion in Britain. From this base, the authors move to a critical review of the outcomes of microfinance interventions around the world. They consider innovative economic responses to poverty in countries such as Bangladesh and Bolivia. Then drawing on their own research, they set out ways to counter financial exclusion in Britain; how to enable people to build assets and acquire capital, and provide mechanisms for the wealth retention in communities deserted by conventional banks.

The persistence of poverty hurts us all, and attacking poverty is a major policy objective everywhere. In Britain, the main political parties have an anti-poverty mandate and in particular an agreed commitment to eliminate child poverty by 2020, but there is controversy over how this should be done. This book addresses one of the main causes of poverty, financial exclusion – the inability to access finance from the high-street banks. People on low or irregular incomes typically have to resort to loan sharks, ‘doorstep lenders’ and other informal credit sources, a predicament which makes escape from the poverty trap doubly difficult. Over the last fifteen years, a strategy of breaking down the poverty trap has been implemented, known in the UK as community development financial institutions (CDFIs), typically non-profit lending institutions focussed on the financially excluded, and seeking to learn from the achievements of microfinance around the world. Focussing on the period 2007-09, during which the UK went into a global recession, this book investigates how CDFIs work and how well they have helped low-income people and businesses to weather that recession. Based on a study of eight CDFIs in four UK cities, we ask: what ideas for overcoming financial exclusion have worked well, and which have worked badly? What can we learn from the experience of these CDFIs which can help reduce poverty in this country and globally? We assess the impact of CDFIs using a range of indicators (including income, assets, education, health) and ask what changes in policy by both CDFIs and government agencies (for example, benefits agencies) might be able to increase impact. Some of the key lessons are: CDFIs need to work with appropriate partners to build up savings capacity in their clients; the community environment is vital in determining who escapes from the poverty trap; and CDFIs can never function properly unless they learn how to control their overdue debts. This book will be vital reading for those concerned with social policy, microfinance and anti-poverty policies in industrialised countries and around the world.

How can we measure poverty in the United Kingdom today, and which measures are most reliable? Is poverty related to other problems and disadvantages? Based on the largest research study on UK poverty ever commissioned, these fascinating volumes answer these questions and more, providing the most authoritative and up-to-date picture ever assembled of poverty throughout the four countries of the United Kingdom. Using state-of-the-art measurement methods, Poverty and Social Exclusion in the UK looks across geography, time, and key domains like health, employment, and housing to make enlightening--and sometimes shocking--comparisons. In the second volume, contributors consider different aspects of disadvantage, from access to local services, the world of work, the quality of housing and neighborhoods, and physical and mental health. They also look at wider aspects of social and community life, as well as participation in civic and political activities.

The largest UK research study on poverty and social exclusion ever conducted reveals startling levels of deprivation. 18m people are unable to afford adequate housing; 14m can’t afford essential household goods; and nearly half the population have some form of financial insecurity. Defining poverty as those whose lack of resources forces them to live below a publicly agreed minimum standard, this text provides unique and detailed insights into the nature and extent of poverty and social exclusion in the UK today. Written by a team of leading academics, the book reports on the extent and nature of poverty for different social groups: older and younger people; parents and children; ethnic groups; men and women; disabled people; and across regions through the recent period of austerity. It reflects on where government policies have made an impact and considers potential future developments. A companion volume Poverty and Social Exclusion in the UK Volume 2 focuses on different aspects of poverty and social exclusion identified in the study.

Includes statistical tables and graphs.

Poverty is perceived as an urban problem, yet many in rural Britain also experience hardship. This book explores how and why people in rural areas experience and negotiate poverty and social exclusion. It examines the role of societal processes, individual circumstances, sources of support (markets; state; voluntary organisations; family and friends) and the role of place. It concludes that the UK’s welfare system is poorly adapted to rural areas, with the COVID-19 pandemic, Brexit and cutbacks exacerbating pressures. Voluntary organisations increasingly fill gaps in support left by the state. Invaluable to those in policy and practice, the book recommends a combination of person-based and place-based approaches to tackle rural poverty.

This book brings to light important issues which are often ignored - that the social effects of poverty are acute in rural areas. Milbourne examines the effects of poverty on issues such as social exclusion in rural areas.