British families took bigger hit to income during Covid pandemic than Europeans

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UK’s larger inequality ranges made influence worse for the much less properly off, research suggests

British households have been plunged into the Covid pandemic with decrease financial savings, extra debt and weaker welfare help than their French and German counterparts, based on evaluation revealing how inequality elevated the impression of the UK disaster.

Excessive ranges of revenue inequality additionally weakened the monetary resilience of poorer households because the pandemic hit. The larger publicity of British households, revealed in an evaluation by the Decision Basis thinktank to be revealed in full this week, comes regardless of comparable ranges of common revenue with our European neighbours.

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