Income Inequality Uk 2024 Graph

Income Inequality Uk 2024 Graph. The graph below, taken from the office for national statistics, shows rates of income inequality since 1977. In the autumn budget 2024, the chancellor confirmed there would be no increases to 'taxes on working people', keeping income tax, national insurance and vat rates the same.

Here we provide the latest data on household incomes, poverty rates and income inequality, based on the methodology used in dwp’s official hbai statistics. Since 2020, to the end of 2021/22, the gini coefficient and most other measures of income inequality have increased in the uk.