Friday, June 14, 2013

Poor Scots and rich ones

In 2011/12, there were 710,000 (14%) Scots in poor households of which 420,000 working age adults, 140,000 pensioners and 150,000 children were living in relative poverty, 80,000 children were living with combined material deprivation and low income.

Within the last two years, Scottish incomes have gone down from an average of £461 per week to £436.

Welfare measures including changes to eligibility for child tax credits and working tax credits which could, on average, mean that households will become around £700 per year worse off.

Child poverty levels are expected to soar in Scotland over the next few years by at least 50,000, taking the total number of children who live in families that struggle daily to provide to over 280,000.

Ian Marchant, CEO of  Scottish Power had received £1.45m in 2011.The company's annual report showed he earned a basic salary of £870,000, up by £30,000. He also received shares worth more than £1m from the firm's long-term bonus plan. His pension was worth £680,000 - a total package of more than £2.63m 

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