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The Progressive Policy Think Tank

Future proof: Britain in the 2020s, an IPPR explainer - Living standards

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Inequality will be unleashed in the 2020s. Technological change will strengthen returns to capital while reducing labour power. The cost of living, especially housing, will rise faster than income for many. The fiscal direction of the UK will accentuate trends towards inequality, with relative poverty rates rising and the working poor losing ground. Wealth inequalities, already high, will increase due to technological, demographic and economic trends.