Thursday 08 May – 44% of Brits report they would find it difficult to pay for basic necessities such as housing, food and utilities within just a single month of unexpectedly losing their income, a new Big Issue YouGov poll[1] has found. That figure rises to 48% for adults under 50.
The research reveals sweeping regional differences in the precariousness of people’s personal financial situation across the UK, with more than half (54%) of people in Wales and 49% of Londoners saying they’d find it difficult to pay for these necessities within the month of suddenly having their income taken away, compared to 42% in the rest of the South of England and 41% in Scotland.
A census of Big Issue’s UK vendor network[2] published concurrently reveals that more than two-thirds (68%) of its magazine sellers are worried about affording their basic necessities.
The organisation is highlighting the continued financial insecurity of both people engaging with its services and the wider UK public as it publishes its latest impact report, which shows demand for its support remains unabated.
Its 2024 Impact Report, published today (Thursday 8 May), shows that Big Issue Group has now met its ambitious five-year goal of engaging 11 million people by the end of 2026, two years ahead of schedule – engaging 11.6 million in 2024. This has been achieved via its social issue journalism, which grows awareness of issues facing people in poverty, an uptick in campaigning activity, and by supporting more of these people directly through the Group’s social businesses.
The social enterprise aims to use business solutions to dismantle poverty, offering various opportunities to people living in poverty to work, earn, learn and thrive. The most famous of its services is the Big Issue magazine, which has been sold by vendors on the streets of the UK for over 34 years.