Living standards, poverty and inequality in the UK: 2017–18 to 2021–22 (appendix)

By A. Hood, T. Waters. 2017

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The authors attempt to fill this gap by estimating what has happened since 2015–16 to household incomes. They also estimate how they might evolve up to 2021–22 if current tax and benefit policy plans are kept to, and if the latest macroeconomic forecasts from the Office for Budget Responsibility (OBR) – for things such as earnings and employment – were correct. There is of course significant uncertainty around any macroeconomic forecasts, and hence around any projection of future trends in household incomes based on those forecasts. To the extent that future macroeconomic trends differ from the OBR’s forecasts, these projections – particularly for median income and inequality, and to some extent poverty – will also differ. As well as projecting median income, inequality and poverty in the UK, the authors also provide projections at a regional level

Subfields: Finance, Political Science and International Relations, Safety Research

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