The poorest families got worse under Boris Johnson while the incomes of the richest soar, new analysis shows

Half of the poorest families have gotten worse since Boris Johnson An accursed report of “promote” promise.

According to the report, half of UK households have lost £110 since he won the December 2019 election, yet the top 5% have earned more than £3,300 – making the billions The poverty rate skyrocketed to 300,000.

The New Economic Fund blame government policy for that hole, because the failure to lock down when Covid Affected means the UK economy is hit harder than in other major countries.

Mistakes are fueled by a lack of support for freelancers and those working on unstable term contracts, who are allowed to “hole in”.

“A long way from ‘promotion’, in the prime minister’s view, the families and already poorest places fall even further behind the rest of the country,” said the center think tank. conclusion conflict.

“The poorest families are now even poorer than the month Johnson won the election,” it said, adding: “Worse, the immediate outlook looks set to deteriorate further.

“With prices expected to continue to rise, combined with the risk of rate hikes and the continued effects of Brexit, things could be about to get a lot harder for the families that have suffered the most. “

Analytics – based on government data and forecasts from Bank of England and Office of Budget Responsibility – occurs after the top level up encounters a new problem.

A long-promised strategy document has been delayed until the new year, as it was hastily rewritten, and amid the Treasury Department’s likely refusal to raise more cash.

Worryingly, for the government, the report highlights how the past two years have affected the wallets and pockets of so-called ‘Red wall‘areas Tories won and must defend.

Disposable real income has only increased by £20 in the north-east since December 2019 and a small amount in the north-west (£80) and Yorkshire (£90).

In London, however, they have grown by more than £600 a year and by more than £550 in the southeast, according to the New Economy.

Overall, the number of families living in poverty – defined as those earning less than 60% of the UK average before housing costs – has increased by 300,000 in two years.

more later

https://www.independent.co.uk/news/uk/politics/boris-johnson-poverty-covid-economy-b1974938.html The poorest families got worse under Boris Johnson while the incomes of the richest soar, new analysis shows

JACLYN DIAZ

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