UK-born Angus Deaton wins economics Nobel Prize for work on consumption, poverty

October 12, 2015 1:54 PM

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UK-born Angus Deaton wins economics Nobel Prize for work on consumption, poverty

STOCKHOLM British-born economist Angus Deaton has won the 2015 economics Nobel Prize for his work on consumption, poverty and welfare that has helped governments to improve policy through tools such as household surveys and tax changes.

The Royal Swedish Academy of Sciences said the microeconomist's work had been a major influence on policy making, helping for example to determine how different social groups are affected by specific changes in taxation.

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