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Living standards, poverty and inequality in the UK: 2016–17 to 2021–22, 02/03/17 [W]

02.03.17

The Joseph Rowntree Foundation has published a study into the projected changes in household incomes between 2014-15 and 2021-22.

This study projects the evolution of the incomes of different households if the current tax and benefit policy plans are upheld until 2021-22. A slow earnings growth has been predicted by official economic forecasts, with rising inflation over the coming years. Combined with the planned changes to tax and benefits, this is projected to lead to modest growth in terms of average income but no growth for low-income households.

In terms of outcomes for children, absolute poverty is projected to fall slightly overall. However, the outlook for low-income households with children looks significantly worse, with a projected 2.8% increase in absolute child poverty between 2014-14 and 2021-22.

Visit the Joseph Rowntree Foundation website to find out more.