IFS Press Releases

Average incomes up and poverty down slightly during first year of recession

Date: 20 May 2010
Authors: Mike Brewer , Alastair Muriel , David Phillips and Luke Sibieta

Average take-home incomes grew even after taking account of inflation and in spite of rising unemployment during 2008-09, the first full financial year of the recent recession. This is the surprising finding of official statistics released today.