fair prices

Find out how we can tackle the Poverty Premium

It is not inevitable for businesses to charge higher prices to their poorest customers. There are simple ways to ensure Fair Prices, or even to make markets work for people in poverty:

  • Energy and finance companies should offer ‘social tariffs’ for their poorer customers, or ‘equitable tariffs’ where everyone pays the same. We know it can be done because some companies already do so!
  • Companies could offer other products and payment methods which are designed to suit people on low incomes rather than exploiting them.
  • Government can put a cap on the charges made by lending companies. Nearly every other developed country in the world regulates the cost of credit in some way.
  • Customers can work together to buy resources in bulk or get group deals. Affluent middle-class consumers have so far been more likely to do this, but people on low incomes could do the same.

These are just a few examples. When people and communities work creatively together, we know that they can always find new ways of sharing their resources and using their collective power. Church Action on Poverty will help to make that happen.

Ensuring Fair Prices for all is just one of the aims of our campaign to Close the Gap between rich and poor.

Church Action On Poverty, Unit 28 Sandpiper Court, Water’s Edge Business Park, Modwen Road, Salford M5 3EZ

Telephone 0161 872 9294 or email info@church-poverty.org.uk

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