Nearly four in 10 people who have been financially impacted by coronavirus have seen half their income or more wiped out, a survey has found.
Some 14% of people whose income had been impacted said it has reduced by around half, a further 7% say it has been cut by more than half and 16% say they have lost their income completely, according to consulting company Kantar.
This makes a total of 37% of people across Britain whose incomes have been affected who said it had reduced by half or more.
However, 3% whose income had been affected said it had increased.
Personal income
Across Britain, nearly a third (32%) of people said coronavirus had already impacted their personal income.
A further 35% said they expected to see an impact in the future, although they had not seen one yet, the survey of more than 1,000 people across Britain between April 9 and April 13 found.
As well as Britain, the report also surveyed people in other G7 countries – Canada, France Germany, Italy Japan and the United States.
It found that across the G7, 42% of people think their government’s response has been about right, while 44% believe the measures put in place by their government have not gone far enough to combat the pandemic.
G7
Nearly half (48%) of people surveyed across the G7 rate the support provided by their government for people facing a loss of income as very or fairly good – with ratings found to be the most positive in Canada (77%) and Britain.
In Britain, 70% of people surveyed rate the UK Government’s response to those facing a loss of income as very or fairly good, and 63% are also supportive of its measures for companies that have faced income losses or closures, the research found.
Commenting on the findings of research of more than 7,000 people across the whole survey, Michelle Harrison, chief executive of Kantar’s public division, said: “Measuring the economic impact of Covid-19 at the personal level in terms of economic impact, alongside understanding levels of support and compliance amongst citizens is crucial for government policy to be able to respond and plan for the future, and for societies to be able to recover sustainably.”
Related – UK government rules out delay to Brexit despite plea from IMF managing director
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
