"It is the duty of the Office to examine and report on the sustainability of the public finances"
The pandemic caused the deepest recession in the UK in living memory, prompted the largest fiscal policy response outside the World Wars, and has, so far, been followed by an unusually rapid economic recovery. The past two years also reshaped welfare spending and can be expected to continue to do so. So this year’s Welfare…
Our 2022 Welfare trends report will be published this morning at 11am. It will explore the implications of the pandemic-induced recession for non-pensioner welfare spending by comparing it to the previous three recessions in the UK.
Our latest Welfare trends report (WTR) will be published at 11am on Tuesday 24 May. Our biennial WTR examines the drivers of welfare spending. This year’s report will focus on changes in non-pensioner welfare spending during and after recessions, comparing the pandemic to the previous three UK recessions in the past half-century.
This year’s Welfare trends report (WTR) comes at the end of an extraordinary year that has resulted in the highest peacetime deficit in UK history. Virus-related support measures dominate that rise, but welfare spending (as defined in UK statistics, so not including the CJRS and SEISS) has also risen by £20.1 billion or 1.6 per…
One of the main functions of the welfare system is to support people having difficulty supporting themselves due to ill health or disability. This role stretches back more than a century – at least as far as the National Insurance Act of 1911. The financial support provided by today’s welfare system can be split into…