Stagnating UK incomes risk political disruption - thinktank

It would take 137 years for lower income families in Britain to see their living standards double at the current rate of growth, a thinktank has said.

- Tom Knowles

A two-decade stagnation in disposable incomes has led to a “mood of unease” across the nation, the Resolution Foundation found, warning of a risk of “further political disruption” if pay rises do not increase.

In the 40 years up to 2005, the typical disposable income of working-age families among the poorest half of Britain doubled, after growing by 1.8% a year on average once adjusted for inflation, according to the thinktank. In the final decade of that period, growth in disposable incomes rose by 4% a year and looked on course to double within 18 years.