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Britain's poorest households worse off than those in Slovenia, think tank says

Britain's poorest households are worse off than those in Slovenia and Malta after nearly two decades of stagnation in UK living standards, a think tank said, underscoring finance minister Rachel Reeves' challenge in this month's budget update.
The article from MSN discusses a report by the Resolution Foundation, a UK think tank, which highlights that Britain's poorest households are financially worse off than their counterparts in Slovenia. According to the report, the bottom 20% of UK households have a disposable income that is 20% lower than similar households in Slovenia, when adjusted for cost of living differences. This disparity is attributed to the UK's tax and benefit system, which has become less redistributive over time. The think tank suggests that the UK's welfare system has not kept pace with the needs of the poorest, leading to increased inequality. The report also notes that while the UK has higher average incomes, the benefits system does not sufficiently support those at the bottom of the income scale, exacerbating poverty levels compared to other European countries.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/britains-poorest-households-worse-off-than-those-in-slovenia-think-tank-says/ar-AA1AMSkZ ]