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Ekklesia | UK households experience biggest income shock since mid-1970s

Ekklesia | UK households experience biggest income shock since mid-1970s | In the news: data in the UK Data Service collection across the web | Scoop.it
The covid-induced crisis has caused typical working-age household incomes to fall 4.5 per cent between the pre-crisis period and May this year, according to the Resolution Foundation’s new Living Standards Audit.

The Living Standards Audit 2020 considers the position of households on the eve of the crisis, how the initial lockdown phase has affected household incomes, and the prospects for a living standards recovery as the economy reopens but policy support is withdrawn.

The backdrop to the crisis was stagnant, and in some cases falling, living standards. Typical households experienced no income growth between 2016-17 and 2018-19. Real incomes for the poorest tenth of households fell over the same period and, on the eve of the latest crisis, were no higher than in the early 2000s.
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Annual Survey of Hours and Earnings

Family Resources Survey

Households Below Average Income

Labour Force Survey

Understanding Society

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One million UK workers at risk of unemployment when furlough scheme ends in October

One million UK workers at risk of unemployment when furlough scheme ends in October | In the news: data in the UK Data Service collection across the web | Scoop.it
The research has found that the coronavirus crisis has caused typical working-age household incomes to fall 4.5% between the pre-crisis period and May this year, signalling the biggest short-term income drop since the oil-crisis induced inflation spikes of the mid-1970s.

In contrast, the biggest annual income fall during the financial crisis was -2.7%.

The temporary £9 billion social security boost meant that the incomes of the poorest fifth of households didn’t fall during the initial phase of the crisis. Without this policy action, these households would have faced an income shock of at least 8%. However, low-income couples without children, who are less likely to receive Universal Credit (UC) and derive a higher proportion of their overall income from employment, have experienced a far greater income shock than average, of over 8%.
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Annual Survey of Hours and Earnings

Family Resources Survey

Households Below Average Income

Labour Force Survey

Understanding Society

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UK households suffer biggest financial hit since 1970s due to coronavirus | World news | The Guardian

UK households suffer biggest financial hit since 1970s due to coronavirus | World news | The Guardian | In the news: data in the UK Data Service collection across the web | Scoop.it
British households have suffered the biggest hit to their finances since the oil crisis of the mid-1970s as the coronavirus pandemic threatens to inflict severe financial hardship across the country.

Against a backdrop of rising job losses four months into the crisis, the Resolution Foundation thinktank said the average household in Britain had suffered a 4.5% drop in income in the month of May, compared with their average monthly income level in the financial year ending March 2020, before the crisis struck.
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Annual Survey of Hours and Earnings

Family Resources Survey

Households Below Average Income

Labour Force Survey

Understanding Society

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84,000 fewer homes could be delivered in England this year, charity warns

84,000 fewer homes could be delivered in England this year, charity warns | In the news: data in the UK Data Service collection across the web | Scoop.it
Around 84,000 fewer homes could be delivered in England this year due to the impact of coronavirus, according to estimates published by housing charity Shelter.

The projection, which has been taken from research carried out by Savills, includes existing properties converted into homes as well as new properties being built.

It would mean overall output falling from around 255,000 last year to 171,000 homes in the financial year 2020/21.
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Family Resources Survey

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Analysis highlights those likely to miss out on furlough scheme

Analysis highlights those likely to miss out on furlough scheme | In the news: data in the UK Data Service collection across the web | Scoop.it
Around 100 thousand workers may have fallen through the cracks of the new Job Retention Scheme because they started for their new employer in March, but weren’t on a PAYE payroll submission before the cut-off date of 19th March, according to new analysis.
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Annual Survey of Hours and Earnings

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One hundred thousand workers may be “falling through the cracks” of the Job Retention Scheme – Institute for Employment Studies | Onrec

One hundred thousand workers may be “falling through the cracks” of the Job Retention Scheme – Institute for Employment Studies | Onrec | In the news: data in the UK Data Service collection across the web | Scoop.it
Analysis by the Institute for Employment Studies of official data suggests that around 100 thousand workers may have fallen through the cracks of the new Job Retention Scheme, because they started for their new employer in March but weren’t on a PAYE payroll submission before the cut-off date of 19th March.
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Annual Survey of Hours and Earnings

Labour Force Survey

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New survey reveals huge gender gap in British IT sector

New survey reveals huge gender gap in British IT sector | In the news: data in the UK Data Service collection across the web | Scoop.it
Reflecting a gender diversity crisis in Britain's IT industry, a new research has found that just one in six IT jobs in the country are currently occupied by females.

The research, which was commissioned by human layer security firm Tessian and analysed from the Office for National Statistics' (ONS) Annual Survey of Hours and Earnings, revealed that only 17 per cent of IT Directors in the UK are females.
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Britons can't rely on savings during coronavirus pandemic as a third have under £1k saved | Personal Finance | Finance

Britons can't rely on savings during coronavirus pandemic as a third have under £1k saved | Personal Finance | Finance | In the news: data in the UK Data Service collection across the web | Scoop.it
MANY Britons will be unable to rely on their savings if their finances take a hit during the coronavirus pandemic, as a poll has revealed a third of Britons have less than £1,000 in the bank.
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Annual Survey of Hours and Earnings

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No pay rise for Assembly Members due to coronavirus pandemic

No pay rise for Assembly Members due to coronavirus pandemic | In the news: data in the UK Data Service collection across the web | Scoop.it
Welsh Assembly Members will not receive an expected pay rise due to the coronavirus pandemic.

The Assembly’s Remuneration Board said that it would not be appropriate for Assembly Members to receive a pay rise while the rest of Wales was suffering financially due to the spread of the virus.
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Annual Survey of Hours and Earnings

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101 councillors set for pay rise | Express & Star

101 councillors set for pay rise | Express & Star | In the news: data in the UK Data Service collection across the web | Scoop.it
An independent report calls for a 4.4 per cent increase in Birmingham City Councillors’ basic allowances following a four per cent increase last year.

But Labour backbencher Councillor Majid Mahmood has criticised the move at a time the council is slashing £22 million from next year’s budget and as the country is hit by the coronavirus pandemic – and promised to donate his pay increase.
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Annual Survey of Hours and Earnings

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Gender pay gap means women effectively work for free for more than two months of year | Business & Finance | News

Gender pay gap means women effectively work for free for more than two months of year | Business & Finance | News | In the news: data in the UK Data Service collection across the web | Scoop.it
Analysis published by the TUC reveals that the average woman has to wait more than two months of the calendar year before she starts to get paid, compared to the average man.

The current gender pay gap for all employees stands at 17.9%. This pay gap means that women effectively work for free for the first 65 days of the year, until they begin to get paid on Women’s Pay Day.
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Annual Survey of Hours and Earnings

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'It's scary': Bridgend braces for fallout from Ford factory closure | Business | The Guardian

'It's scary': Bridgend braces for fallout from Ford factory closure | Business | The Guardian | In the news: data in the UK Data Service collection across the web | Scoop.it
In May, Ford will clock up 40 years of making car engines in Bridgend, south Wales. But the anniversary will pass without any celebration. Just months later, by 25 September, the production lines will come to a halt for the final time.

About 1,700 people were working at the 60-acre site halfway between Cardiff and Swansea when the closure was announced in June 2019, with Ford blaming “changing customer demand and cost”.
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Annual Survey of Hours and Earnings

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Melton women work 57 days for free according to new gender pay gap figures | Melton Times

Melton women work 57 days for free according to new gender pay gap figures | Melton Times | In the news: data in the UK Data Service collection across the web | Scoop.it
Findings released by the Trades Union Congress (TUC) show there is a 15.5 per cent difference in the amount women are paid in jobs across the borough in comparison to men.

This means, in real terms, that a female employee works for free for 57 days and her first pay day - when she starts earning the same as a male in an equivalent job - would not fall until February 26 this year.
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Annual Survey of Hours and Earnings

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Unemployment rate drops in High Peak | Buxton Advertiser

Unemployment rate drops in High Peak | Buxton Advertiser | In the news: data in the UK Data Service collection across the web | Scoop.it
The unemployment rate in High Peak fell in the year to March despite the onset of the coronavirus, new figures show.
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Annual Survey of Hours and Earnings

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Household income hit the hardest during pandemic | Wigan Today

Household income hit the hardest during pandemic | Wigan Today | In the news: data in the UK Data Service collection across the web | Scoop.it
The coronavirus crisis has triggered a 4.5% fall in typical working age household incomes, the Resolution Foundation said.

It calculated the fall by comparing the months leading up to the crisis with the situation in May this year.

According to the Foundation’s Living Standards Audit, this was the biggest short-term income drop since the oil crisis-induced inflation spikes of the mid-1970s.
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Annual Survey of Hours and Earnings

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Coronavirus slump could delay building of 300,000 homes | World news | The Guardian

Coronavirus slump could delay building of 300,000 homes | World news | The Guardian | In the news: data in the UK Data Service collection across the web | Scoop.it
More than 300,000 planned new homes may remain on the drawing board over the next five years, deepening the UK’s housing crisis, as a result of the coronavirus pandemic, new research predicts.

Stalled construction and the recession will slash the number of new homes being built, with 85,000 predicted to be lost this financial year, according to a study by the property agency Savills with the housing charity Shelter.

Construction of the cheapest social housing could fall to a “catastrophic” low of 4,300 units annually – the smallest number since the second world war. Shelter said this would not even be enough to clear the waiting list for a social home in Wakefield, never mind the rest of the country.
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Family Resources Survey

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Covid housing affordability crisis - Three quarters of northerners back call for dedicated affordable housing for key workers

Covid housing affordability crisis - Three quarters of northerners back call for dedicated affordable housing for key workers | In the news: data in the UK Data Service collection across the web | Scoop.it
A new IPPR report today, together with polling commissioned by the thinktank, warns that housing affordability issues are set to intensify due to Covid-19, with those on low incomes and privately renting most affected.

In a new paper published today, Renting Beyond their Means: The Role of Living Rent in addressing housing affordability, IPPR recommends devolving power and resources to local government to set local rents, have the flexibility to develop their own housing products and housing funding, as well as suspending and devolving Right to Buy.
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What happens after the clapping finishes? • Resolution Foundation

What happens after the clapping finishes? • Resolution Foundation | In the news: data in the UK Data Service collection across the web | Scoop.it
The nation has rightly come together in the current crisis to express support for our care workers. But how do we normally treat the social care workforce? Due to both long-standing and nearer-term decisions and trends, frontline care workers are: underpaid, with around half earning less than the real Living Wage; particularly vulnerable to being paid below the legal wage floor; and experience significant job insecurity, being four times more likely than average to be employed on a zero-hours contract.

The clapping is welcome, but care workers need better pay and conditions too. Achieving these goals – for example by ensuring the real Living Wage is paid across frontline care – will require both political resolve and the requisite funding, given we’re talking about a largely publicly funded sector that has been through years of austerity. Better pay and conditions in care should have long been a priority given the vital role care workers play in protecting the vulnerable. Delivering these things now is the least we can do.
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Annual Survey of Hours and Earnings

 

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Just 1 in 6 IT professionals in the UK are female | Bdaily

Just 1 in 6 IT professionals in the UK are female | Bdaily | In the news: data in the UK Data Service collection across the web | Scoop.it
Just one in six (17 per cent) of IT professionals in the UK are female, according to research analysed by the Centre for Economics and Business Resources (CEBR) and commissioned by Tessian, the human layer security company. Out of 608,000, just 103,360 were reportedly female.
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London’s Poverty Profile, Poverty Data

London’s Poverty Profile, Poverty Data | In the news: data in the UK Data Service collection across the web | Scoop.it
London’s Poverty Profile provides evidence on and insight into poverty and inequality in London. It shines a light on these issues to prompt action from local and national government, the third sector, faith groups, practitioners, experts, businesses, the public and indeed anyone who cares about making London a fairer city to live in.

Despite living in a global city with a level of economic performance to be proud of, many Londoners struggle to make ends meet, secure good quality affordable housing, or tie down the decent work they need to lift themselves above the poverty line. As a result, poverty is higher in London than in any other region or country in the UK. Across a wide range of indicators, there is a gulf in outcomes between Londoners on low incomes and those who are better off, both in the capital and across the rest of the UK.
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Annual Population Survey

Annual Survey of Hours and Earnings

Family Resources Survey

Households Below Average Income

Labour Force Survey

Wealth and Assets Survey

1971 Census

1981 Census

1991 Census

2001 Census

2011 Census

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When the Foundational Economy becomes the economy – Covid-19 and essential work

When the Foundational Economy becomes the economy – Covid-19 and essential work | In the news: data in the UK Data Service collection across the web | Scoop.it
The public health emergency of Covid-19 has transformed the economy and society almost overnight. Work patterns have changed, unemployment has spiked and the Government has established a package of support for employment retention and safe-guarding incomes. But of course not everything has stopped. While many workers are being encouraged to work from home, essential goods and services have continued to be delivered in person, albeit sometimes in a different way. One thing the Covid-19 crisis has done is to provide a window on the critical social infrastructure which underpins daily life. This obviously includes health provision – nurses, doctors and social care workers – but also encompasses the provision of food, energy, water and communications.
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A Universal Basic Income and affordability –

A Universal Basic Income and affordability – | In the news: data in the UK Data Service collection across the web | Scoop.it
In his speech yesterday, Chancellor Rishi Sunak outlined radical measures to offer income guarantees to the self-employed (who number some 5 million) in the UK to help combat the Coronavirus (Covid-19) pandemic, providing that they had lodged a tax return in 2019 and had an average annual profit of less than 50,000. Such individuals would be eligible for 80% of profits up to £2,500 per month, based on average profit over the last 3 years.
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From pioneers to parity: 100 years of women in ICAEW | ICAEW

From pioneers to parity: 100 years of women in ICAEW | ICAEW | In the news: data in the UK Data Service collection across the web | Scoop.it
As the centenary of the first woman to be admitted to ICAEW approaches, there is undoubtedly much to celebrate about the huge strides towards gender equality that have been taken across accountancy in the past 100 years. Today, women make up almost half of those studying for an accountancy qualification worldwide. It’s a statistic that speaks volumes about the appeal of the accountancy qualification for women.
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Levelling up Britain: Blyth's hopes rest on Tory promises of a new dawn | Business | The Guardian

Levelling up Britain: Blyth's hopes rest on Tory promises of a new dawn | Business | The Guardian | In the news: data in the UK Data Service collection across the web | Scoop.it
On a cold, grey day in Blyth, as intermittent rain catches shoppers and the wind swirls off the North Sea to blow umbrellas inside out, it isn’t hard to see why the town on the Northumberland coast has felt unloved in recent years.

“It looks really desperate,” says Ian Levy, the first Tory MP to represent the town in almost a century, as he strides across the empty marketplace. The market is off today, and it is a quiet afternoon belying the political earthquake here in December, when Blyth Valley became Labour’s first “red wall” seat to crumble at the election.
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Annual Survey of Hours and Earnings

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Sharp fall in wage inequality

Sharp fall in wage inequality | In the news: data in the UK Data Service collection across the web | Scoop.it
Wage inequality has fallen dramatically for the first time since at least the late 1990s, and most likely since the late 1970s, due to the introduction of the National Living Wage by the Conservative government in 2016, according to new LSE research.

The research, funded by the Nuffield Foundation, found that inequality in the bottom 50 per cent of earners fell by the same amount between 2015 and 2019 as it did in the 17-year period leading up to the introduction of the National Living Wage.
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Annual Survey of Hours and Earnings

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