Wealth

Treasury written question – answered on 19th July 2021.

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Photo of Jon Trickett Jon Trickett Labour, Hemsworth

To ask the Chancellor of the Exchequer, what assessment he has made for the distribution of wealth in real terms per (a) household and (b) person among the UK population for years (i) 2019, (ii) 2020 and (iii) 2021 by quintile or decile.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary, Minister for Equalities

The most recent comprehensive data on the distribution of wealth is available for the period 2016-18, collected by the Office for National Statistics and published in its biennial ‘Wealth in Great Britain’ publication. Owing to the time lag in more recent data becoming available, the Treasury has not conducted analysis of the distribution of wealth by quintile or decile in the years 2019, 2020 and 2021.

The government is committed to supporting household living standards during this difficult time for the country, and has announced an unprecedented package of support – including a boost to Universal Credit, the Coronavirus Job Retention Scheme (CJRS), and the Self-Employment Income Support Scheme (SEISS) – helping to protect incomes, jobs, and support those most in need. Treasury analysis has shown that these interventions have supported the poorest working households most (as a proportion of income).

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