Some facts on poverty in the UK

Plain-speaking Economics

FYI, here are some hard data on UK poverty, with links to the original sources (unfiltered by pro/anti-Tory newspapers, think tanks, or UN rapporteurs…).

First, trends in inequality and child poverty in the UK (before the pandemic, obviously, but also before the surge in government spending on job subsidies and welfare payments). (Source)

Second, a bit more from the ONS on different measures of income inequality. (Source)

Third, the same again for wealth inequality (a small increase overall, with rising property wealth inequality and a smaller increase in financial wealth inequality largely offset by a reduction in pension wealth inequality). (Source)

Fourth, an international comparison of income inequality, using the OECD’s definition of ‘child poverty rates’ (the ratio of the number of people in a given age group whose household income is less than half the median income of the total population). (Source

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