Half of UK families £110 a year worse off since 2019, report says (8 อ่าน)
Half of UK families £110 a year worse off since 2019, report says
Half of UK families have seen their disposable incomes shrink in the last two years, new analysis suggests.
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A report by a left-of-centre think tank says that the poorest half of the population have had their incomes squeezed by £110 since 2019.
The New Economics Foundation (NEF) also says that the richest 5% are better off by £3,300 a year.
Incomes in regions such as London have risen six times faster than those in the north east.
As a result, the think tank has called into question the success of the government's "levelling up" policy, which aims to improve standards of living and productivity in areas of the UK that have traditionally been "left behind".
The Department for Levelling Up, Housing and Communities said: "In addition to the £4.8bn Levelling Up Fund, we're providing record investment in infrastructure worth over £96bn, £12bn in affordable housing and a £2.6bn Shared Prosperity Fund to help rebalance opportunity across the UK.
"We are widening access to new jobs - 56,000 just this year - and we're building on that through a £200m boost to communities to help build skills.
"The forthcoming Levelling Up White Paper will set out how we will further improve opportunity and livelihoods across the country as we recover from the pandemic."
In 2019, the pledge may have helped the Conservatives win votes in the so-called "red wall" region in the north of England that traditionally elected Labour MPs.
The NEF analysis found that in the two years since the election, the poorest 50% of the population in every region apart from London and the east of England saw their incomes squeezed by an average of £110 per year, after accounting for increases in the cost of living.
As a result, the gap in incomes across regions has widened, with areas along the "red wall" worst hit. Disposable incomes in the north east of England have risen by just £20 a year on average, or 0.1%.
In the south east of England, however, incomes have jumped by £550.