What's happening to living standards, inequality, and poverty in the UK? - Election 2017

Author: Andrew Hood

This video summarises the findings from a new IFS report, Living Standards, Poverty and Inequality in the UK: 2016–17 to 2021–22, funded by the Joseph Rowntree Foundation. The research uses data on household incomes, together with OBR macroeconomic forecasts and announced changes in tax and benefit policy, to project household incomes up to 2021–22. It finds that the historically weak growth in living standards is set to continue, with low-income households with children set to fare worst.

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Incomes and inequality: the last decade and the next parliament

This note has been written in the run-up to the 2017 general election. IFS Election 2017 analysis is being produced with funding from the Nuffield Foundation as part of its work to ensure public debate in the run-up to the general election is informed by independent and rigorous evidence.

19/07/16

Living standards, poverty and inequality in the UK: 2016

The focus of this report is the distribution of household income in the UK. We assess the changes to average incomes, income inequality and poverty that occurred in the latest year of data (2014–15), and put these in historical context using comparable data spanning the last 50 years.