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Living standards since the last electionMore from IFS
Understand this issue

Average household consumption spending before and after housing costs, and mean weekly per-capita income, in different local authorities, 2018–2019
Londoners may have the highest average incomes, but their household spending once you account for housing costs is lower than other regions.
11 April 2025

Rank of local authorities by average household income compared to rank by average consumption after housing costs
On average, London local authorities rank at the top of the income distribution, but are bottom of the net-of-housing consumption distribution.
11 April 2025

Biggest welfare saving fiscal events (policy measures targeted at working-age and children)
Today it was confirmed that the changes to welfare represent a £4.2bn net saving by 2029-30 (2025-26 prices).
26 March 2025
Policy analysis

Average annual growth in real household disposable income per capita, by parliament
Latest OBR forecasts suggest living standards will rise by just 0.6% per year over the current parliament.
1 April 2025

OBR successive forecasts for productivity growth and out-turn (Index: 2008 = 100)
OBR productivity growth forecasts have historically been over-optimistic: a downgrade to the OBR's forecast could cause a real fiscal headache.
28 March 2025

Spending & revenues as a share of national income: out-turn and March 2025 forecast
Government spending in 2029-30 is set to remain 4% of national income above its pre-pandemic level.
26 March 2025
Academic research

Call for papers: IFS-ADBI-GHE Workshop on Health Economics in LMICs 2025
Submissions are open until 15th February for the IFS-GHE Workshop on Health Economics in LMIC 2025

Small area consumption estimates for local authorities in Great Britain
In this paper, we estimate average equivalised consumption measures across local authority districts in Great Britain.
11 April 2025

Subjective expectations and demand for contraception
We collect data on the subjective beliefs of married, adult women not wanting a pregnancy and estimate a structural model of contraceptive choices.
9 April 2025