british families took bigger hit to income during covid pandemic than europeans /

Published at 2021-04-18 09:45:01

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UK’s greater inequality levels made impact worse for the less well off,study suggests Coronavirus – latest updatesSee all our coronavirus coverageBritish households were plunged into the Covid pandemic with lower savings, more debt and weaker welfare support than their French and German counterparts, and according to analysis revealing how inequality increased the impact of the UK crisis.tall levels of income inequality also weakened the financial resilience of poorer households as the pandemic hit. The greater exposure of British households,revealed in an analysis by the Resolution Foundation thinktank to be published in full this week, comes despite similar levels of average income with our European neighbours. Related: Britain must harness the social sciences to fight post-pandemic deprivation | Will Hutton Continue reading...

Source: theguardian.com

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