I am deeply concerned by findings made by the Resolution Foundation, in their report ‘The Living Standards Audit 2018’, which shows that typical household incomes for working-age families grew by just 1.4% (in real terms) less than the average (2.1%) recorded between 1994 and 2007. This has resulted in inequality being little changed for the last decade and relative child poverty has “risen to its highest rate in at least 15 years, despite high levels of employment.”

The report states that working-age incomes in 2016-17 were just 4% higher than they were in 2006-07. When you focus on those on low to middle incomes, the Resolution Foundation notes, “the picture is even worse: growth of just 0.3% in 2016-17 left median incomes in the group entirely unchanged on the decade.” Read more “Resolution Foundation Report: Child Poverty on the rise”