The Cost of a Child in 2017 report calculates the cost of raising a child in the UK based on the minimum income standard (MIS). MIS is the income needed to give children an acceptable minimum living standard as defined by the public. It is calculated with reference to a basket of goods and services that the general public specifies as necessary to meet family needs. Years of austerity have reduced public expectations of what constitutes essential spending, but the report shows many families still face a big gap between what they need for a no-frills living standard and their income. If you would like to comment on the report you can do so here.