Economics

Topic updates

Living standards, poverty and inequality in the UK in 2018

Geoff Riley

20th June 2018

Important new research from the Institute for Fiscal Studies especially for students and teachers wanting to top up their contextual knowledge about the key trends in inequality in the UK.

The main IFS report can be downloaded here

And here are some supporting tweets on the research from Paul Johnson, Chief Economist at the IFS.

Here's the top 1% share pic.twitter.com/PmDRIyEoZQ
— Paul Johnson (@PJTheEconomist) June 19, 2018

In the last 20 years men's weekly pay has got a lot more unequal then men's hourly pay because a lot of low paid men now work part time which is a new phenomenon pic.twitter.com/blenXU4UJo
— Paul Johnson (@PJTheEconomist) June 19, 2018

Finally the tax and benefit system played a powerful role in preventing a rise in inequality among working households pic.twitter.com/quJAFQ2Zfc
— Paul Johnson (@PJTheEconomist) June 19, 2018

Driven by high levels of employment growth, recovery in incomes since the trough has been slightly faster than recovery from the early 1990s low point https://t.co/RiKgwjPLgr pic.twitter.com/TgDxhFXyNI
— Paul Johnson (@PJTheEconomist) June 20, 2018

Income growth since 2011 has been highest in the lower middle of the distribution, driven in large part by high levels of employment growth. Income inequality has been falling for some time now @TheIFS https://t.co/RiKgwjPLgr pic.twitter.com/FcYbHBOHMW
— Paul Johnson (@PJTheEconomist) June 20, 2018

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

@tutor2uGeoff