최신자료
UK Living Standards Review 2025
The poorest households in Slovenia and Malta are now better off than the poorest in the UK: whereas real incomes grew consistently before the 2008 financial crisis, the stagnation afterwards has meant that other countries have overtaken the UK standard of living.
Regional income growth is some of the slowest in Europe: real incomes in the majority of European regions have grown at a faster rate than those in UK.
The UK has some of the least generous welfare across the OECD: the UK ranks in the middle of OECD countries for welfare spending (as a per cent of GDP) and third lowest for welfare value (per cent of average wages).
Welfare has only covered the cost of essentials in two out of the last 14 years: only during the pandemic did welfare cover the costs of essentials due to the - 20 per week uplift to Universal Credit.
The UK is neither a high wage nor high welfare country: the consequence of weak wage growth and cuts in welfare spending have meant that by comparison to other countries the two main sources of living standards in the UK is limited.
Less than 5 per cent of private rental accommodation across the UK is affordable on housing benefit (down from 20 per cent in 2020): freezing the cash value of housing benefit while private rental costs grew at record rates has led to a substantial fall in the areas of the county affordable on housing benefit.
Weak productivity (TFP) is costing UK workers - 4,300 per year: had UK wages grown as they did in the US after the 2008 financial crisis, UK workers would be - 4,000 better off today.
Removing the two-child limit is the most cost-effective way to reduce poverty: we estimate this would reduce poverty by 1.7 million and cost less than other similar policies that have the same beneficial impact on people’s standard of living.
Regional income growth is some of the slowest in Europe: real incomes in the majority of European regions have grown at a faster rate than those in UK.
The UK has some of the least generous welfare across the OECD: the UK ranks in the middle of OECD countries for welfare spending (as a per cent of GDP) and third lowest for welfare value (per cent of average wages).
Welfare has only covered the cost of essentials in two out of the last 14 years: only during the pandemic did welfare cover the costs of essentials due to the - 20 per week uplift to Universal Credit.
The UK is neither a high wage nor high welfare country: the consequence of weak wage growth and cuts in welfare spending have meant that by comparison to other countries the two main sources of living standards in the UK is limited.
Less than 5 per cent of private rental accommodation across the UK is affordable on housing benefit (down from 20 per cent in 2020): freezing the cash value of housing benefit while private rental costs grew at record rates has led to a substantial fall in the areas of the county affordable on housing benefit.
Weak productivity (TFP) is costing UK workers - 4,300 per year: had UK wages grown as they did in the US after the 2008 financial crisis, UK workers would be - 4,000 better off today.
Removing the two-child limit is the most cost-effective way to reduce poverty: we estimate this would reduce poverty by 1.7 million and cost less than other similar policies that have the same beneficial impact on people’s standard of living.
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