In July 2015, the Institute of Fiscal Studies (IFS) published its annual report on Living Standards, Poverty and Inequality in the UK.
The report, press release and presentations from the launch event make clear how average incomes are edging up slowly again after falling sharply after the recession. Income inequality has fallen back to levels last seen one or two decades ago, depending on the measure. New themes have also emerged, including increasing numbers of people in work alongside a deterioration of the financial position of working families, especially relative to pensioners.
