The Facts

Verity News

  • According to the Joseph Rowntree Foundation's latest analysis, released Saturday, the average UK family's disposable income will decline by £1,400 (3%) by 2030, while the poorest households face a steeper 6% drop of £900 annually.
  • The analysis suggests that by 2030, average mortgage holders will pay approximately £1,400 more in mortgage interest annually, while renters will face £300 higher annual costs. Average earnings are projected to fall by £700 per year.
  • If current trends continue, this would mark the first time since 1955 that a UK government has presided over a decline in living standards across an entire parliamentary term.
  • The deterioration in living standards follows the twin economic shocks of the pandemic and subsequent inflationary crisis, with average disposable incomes still £400 lower in April 2025 compared to 2020.
  • This comes as the Office for Budget Responsibility is expected to halve its growth forecast for the current year from 2% to approximately 1%, and Chancellor Rachel Reeves plans to implement new spending cuts, including £5 billion in welfare reductions.
  • Earlier this month, an analysis by the UK investment bank Peel Hunt found a "clear link" between falling energy capacity and weak productivity in the UK and forecast that Poland and South Korea would overtake the UK in living standards by 2030.

https://verity.news/story/2025/uk-living-standards-set-to-fall-sharply-by-study-shows?p=re3158%5C

Posted by GooseberryGOLD

6 comments

  2. How long before we all stop pointing fingers at each other for the country’s decline and admit brexit was a mistake?

  3. we know the economic system we use no longer benefits us it is now a leech sucking us to death not that anything will change

  4. It’s not all doom and gloom, beavers are coming back 🦫

  5. I still feel that declaring an emergency and building houses, infrastructure, getting education back to core principles and attracting business into the country…is needed.

    Take the pressure off of house living unlocks huge economic potential.

    I’d also love to see some manufacturing in the UK.

    I went to b&q and so much is made in Germany and states this proudly and as a badge of quality. Why isn’t much made here? Why isn’t made in Britain a badge of quality?

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