Personal Income: Coronavirus

(asked on 8th July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to charts 1a and 1b of his Department's publication, Impact of Covid-19 on working household incomes: distributional analysis as of May 2020, published on 8 July 2020, if he will publish tables containing the data that is represented in those charts.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 13th July 2020

The requested data is set out in Tables 1.A and 1.B below.

Table 1.A: Percentage change in household income, by working household net income decile, as of May 2020

Equivalised Net Income Decile

Earnings and job losses

Hypothetical earnings losses for furloughed employees in the absence of the CJRS

Existing tax and welfare stabilisers

Coronavirus Job Retention Scheme (CJRS)

Self-Employment Income Support Scheme (SEISS)

COVID-19 additional welfare support

Overall % change in working household net incomes from February 2020

Bottom Decile

-11.4%

-17.5%

2.7%

14.0%

9.6%

6.1%

3.4%

2

-10.7%

-18.2%

3.5%

14.5%

6.1%

3.3%

-1.5%

3

-8.6%

-21.6%

2.3%

16.9%

5.9%

1.6%

-3.4%

4

-8.7%

-22.5%

2.6%

17.4%

4.8%

0.9%

-5.5%

5

-9.3%

-20.2%

2.8%

15.4%

4.3%

0.4%

-6.6%

6

-9.6%

-21.1%

2.8%

16.0%

4.6%

0.2%

-7.1%

7

-10.3%

-20.5%

3.4%

15.3%

4.6%

0.2%

-7.3%

8

-11.6%

-20.3%

4.2%

14.7%

3.9%

0.1%

-9.0%

9

-11.4%

-15.8%

4.4%

10.6%

3.8%

0.0%

-8.4%

Top Decile

-18.2%

-13.9%

9.9%

6.7%

1.4%

0.0%

-14.1%

All working households

-12.0%

-18.4%

4.7%

13.0%

4.1%

0.7%

-7.9%

Table 1.B: Change in household income, £ per week, by working household net income decile, as of May 2020

Equivalised Net Income Decile

Earnings and job losses

Hypothetical earnings losses for furloughed employees in the absence of the CJRS

Existing tax and welfare stabilisers

Coronavirus Job Retention Scheme (CJRS)

Self-Employment Income Support Scheme (SEISS)

COVID-19 additional welfare support

Overall change in working household net incomes from February 2020

Bottom Decile

-£42

-£64

£10

£51

£35

£22

£12

2

-£52

-£88

£17

£70

£29

£16

-£7

3

-£48

-£121

£13

£95

£33

£9

-£19

4

-£55

-£142

£16

£110

£30

£6

-£35

5

-£67

-£144

£20

£111

£31

£3

-£47

6

-£77

-£169

£23

£128

£37

£1

-£57

7

-£95

-£189

£32

£142

£42

£2

-£68

8

-£120

-£210

£43

£152

£40

£1

-£93

9

-£135

-£186

£52

£125

£44

£0

-£99

Top Decile

-£330

-£251

£178

£122

£25

£1

-£255

All working households

-£102

-£156

£40

£111

£35

£6

-£67

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