Average household income, UK: Financial year ending 2018
Final estimates of average household income in the UK, with analysis of how these measures have changed over time, accounting for inflation and household composition.
Wealth in Great Britain Wave 5: 2014 to 2016
Main results from the fifth wave of the Wealth and Assets Survey covering the period July 2014 to June 2016.
Effects of taxes and benefits on UK household income: financial year ending 2019
The redistribution effects on individuals and households of direct and indirect taxation and benefits received in cash or kind, analysed by household type and the changing levels of income inequality over time.
Income estimates for small areas, England and Wales: financial year ending 2018
Small area model-based income estimates covering local areas called Middle layer Super Output Areas (MSOAs) in England and Wales.
Employee earnings in the UK: 2019
Measures of employee earnings, using data from the Annual Survey for Hours and Earnings (ASHE).
Average household income, UK: financial year ending 2019
Estimates of median and mean disposable income for people in the UK for the financial year ending 2019.
Analysing regional economic and well-being trends
How UK regions and countries vary in performance on economic and wellbeing indicators, and how this trend has changed over time.
3 AUGUST 2020
Catching up or falling behind? Geographical inequalities in the UK and how they have changed in recent yearsThe COVID-19 crisis has brought to the fore increasing concerns about inequalities not only between different population groups – such as the gap between the rich and poor, young and old, and different ethnic groups – but also between people living in different places. Even prior to the crisis though, there was a sense that the UK is not only a highly geographically unequal country, but also an increasingly geographically unequal one.
Such concerns are of significant political import. The Johnson government has made ‘levelling up’ the economy, living standards and life chances across the country a mantra, and has announced a review of guidance for infrastructure investment aimed at increasing the proportion going to the Midlands and North of England.
But just how geographically unequal is the UK? Is it true that these inequalities have been getting worse? Are there particular regions or types of places that have been doing particularly well or poorly? And what risks of widening and opportunities for narrowing these gaps might the COVID-19 crisis bring?
Focusing on productivity, earnings and household incomes, this report finds that:
Geographical inequality in incomes is much lower after accounting for variation in housing costshttps://eprints.lse.ac.uk/28344/1/CASEreport60.pdf
https://www.equalitytrust.org.uk/scale-economic-inequality-ukThe Scale of Economic Inequality in the UKUK Income InequalityThe UK has a very high level of income inequality compared to other developed countries.
The majority of households in the UK have disposable incomes below the mean income (£34,200 as of 2018). This includes wages and cash benefits, and is after direct taxes like income tax and council tax, but not indirect taxes like VAT. The median income has been rising by 2.2% on average for the last five years. Most of this is accounted for by the rise in average income for the richest fifth, which has increased by 4.7%. The poorest fifth, on the other hand, have seen a fall in income by 1.6%.
In 2018, households in the bottom 20% of the population had on average an equivalised disposable income of £12,798, whilst the top 20% had £69,126. As can be seen from the graph below when original incomes are compared, the difference is even more striking: the richest fifth had an income more than 12 times the amount earned by the poorest fifth.