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The outlook for living standards and inequality

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Presentation on theme: "The outlook for living standards and inequality"— Presentation transcript:

1 The outlook for living standards and inequality
TAP: Health Equality seminar David Finch July 2017 @

2 from past to present

3 Strong employment growth since 2008

4 With the greatest employment growth for lower income families

5 A prolonged post-crisis pay squeeze…

6 A prolonged post-crisis pay squeeze… …that has just returned

7 Translating to the lowest decade of wage growth for 150 years

8 The income recovery has started to weaken

9 Incomes have recovered at the top and middle, while remaining broadly flat at the bottom

10 the future

11 Economic outlook: Real pay growth is set to remain weak

12 Policy outlook: Some gains from higher wage floor & income tax cuts

13 But big welfare cuts are yet to fully bite

14 Leading to net losses for the poorest half of households

15 Incomes outlook: Falling incomes in the poorest half of working-age households & rising inequality

16 The outlook for living standards and inequality
TAP: Health Equality seminar David Finch July 2017 @


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