• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home News

Poorest half of UK population see incomes squeezed by £110 since 2019- while richest 5% are £3,300 better off

Welcome to Boris Johnson's "golden age", Peter Stefanovic said.

Jack Peat by Jack Peat
2021-12-14 09:57
in News
Credit;PA

Credit;PA

FacebookTwitterLinkedinEmailWhatsapp

The poorest half of the UK population saw their disposable incomes shrink by £110 since 2019 – while the richest 5 per cent are better off by £3,300 a year.

New analysis by The New Economics Foundation (NEF) has found that the pandemic has exacerbated inequalities in wealth and placed doubt over the government’s ambitions to ‘level up’ the country.

Incomes in regions such as London have risen six times faster than those in the northeast, the research shows, with areas along the “red wall” worst hit.

Single parents were the worst affected families across all regions. Those in Yorkshire and the Humber and the north-west and Merseyside saw their incomes fall by around 15 times as much as those in London.

And the worst could still be to come, with prices going up at a relatively rapid rate on a variety of items and services due to ongoing labour shortages, supply chain issues and extra red tape after Brexit.

“With prices expected to continue increasing, the threat of a rise in interest rates and ongoing effects of Brexit, things could get a lot tougher for families that have already suffered most,” said Alfie Stirling, director of research and chief economist at the NEF.

He added that more could be done to help families in the short term, such as introducing a minimum income floor which better reflects the true cost of living.

The New Economics Foundation says poorest half of population have had their incomes squeezed by £110 since 2019 whilst the richest 5% are better off by £3,300 a year

Welcome to Boris Johnson’s “golden age”https://t.co/UVCb5rKCMZ

— Peter Stefanovic (@PeterStefanovi2) December 13, 2021

Related: Obama in discussions with Starmer and Lammy amid optimism over Labour’s chances at next election

RelatedPosts

Bob Vylan album surges up the charts after Glastonbury controversy

Police arrest 83-year-old priest holding placard in support of Palestine Action

Gary Lineker says BBC should ‘hold its head in shame’ for not airing Gaza documentary

Donald Trump announces he plans to host UFC fight at the White House

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Sarap Filipino Bistro launches central London residency ← ‘Is this a joke?’: Elon Musk named Time magazine’s Person of the Year
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->