Jul 25, 2024 · 1. Introduction This report explores how material living standards in the UK have evolved over the past few years. We use the latest official data, covering the years up to 2022–23, to describe key trends in incomes, poverty and deprivation during the pandemic and the cost-of-living crisis. We compare recent changes in household incomes with those seen during the immediate aftermath and ...

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Living standards, poverty and inequality in the UK: 2024 Jonathan Cribb Anna Henry Heidi Karjalainen Sam Ray-Chaudhuri Tom Waters Thomas Wernham

Dec 13, 2023 · Executive summary In this major report of the Pensions Review, led by the Institute for Fiscal Studies in partnership with the abrdn Financial Fairness Trust, we consider the role of the state pension in the UK pension system, analyse the key challenges for future generations of pensioners and set out policies that would improve the current system. The state pension: where are we? • The ...

What does the government spend money on? In 2022–23, government spending was almost £1,200 billion, or around 45% of GDP. Health spending is a growing share of the total.

Where does the government get its money? The Government raises around £1 trillion in revenue each year. Most comes from the three biggest taxes: income tax, NICs and VAT.

Sep 13, 2022 · . It should be a way for children from deprived backgrounds to escape poverty. However, our new comprehensive study, published as part of the Institute for Fiscal Studies Deaton Review of Inequalities, shows that education in the UK is not tackling inequality. Instead, children from poorer backgrounds do worse throughout the education system. The report assesses existing evidence using a range ...

Jun 3, 2024 · This chapter documents the course of the economy over the last 14 years for the forthcoming book 'The Conservative Effect, 2010-2024'.

Nov 25, 2024 · The Autumn 2024 Budget introduced inheritance tax on some agricultural property, affecting farmers and raising questions about the changes' impact and effectiveness.

Jul 25, 2024 · Key research, data and resources that show how and why living standards and poverty have changed since 1961.