Jeremy Hunt (remember him?) infamously said he would go through with a no-deal Brexit even if it meant telling business owners their companies would go bust. Likewise and on a much bigger scale, our new leaders are clearly prepared to plunge Britain into recession as a trade-off for delivering Brexit by 31 October. New research suggests that, just like with Hunt, the sacrifice would not be theirs.
The last economic slump delivered the deepest cuts to the incomes of richer households. However, the next recession will hurt lower-income families the most, according to a report released on Monday by the Resolution Foundation. These, of course, are precisely the voters who chose Leave in the greatest numbers.
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onto In the news: data in the UK Data Service collection across the web August 5, 2019 9:47 AM
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This article references research using data in the UK Data Service collection:
Family Expenditure Survey
Family Resources Survey
Households Below Average Income
Labour Force Survey
Living Costs and Food Survey
Wealth and Assets Survey