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Monthly disposable income fell by £40 per person between Boris Johnson’s election victory in December 2019 and Rishi Sunak’s defeat in July 2024.

It is the first time in recorded British history that disposable income has been lower at the end of a parliamentary term than it was at the start, Sky News Data x Forensics analysis reveals.

Disposable income is the money people have left over after paying taxes and receiving benefits (including pensions). Essential expenses like rent or mortgage payments, council tax, food and energy bills all need to be paid from disposable income.

Previously published figures showed a slight improvement between December 2019 and June 2024, but those were updated by the Office for National Statistics on Tuesday.

There has been an uplift in the last year, although we’re poorer now than we were at the start of the year, and today we only have £1 more on average to spend or save each month than we did at the end of 2019.

That represents “an unmitigated disaster for living standards”, according to Lalitha Try, economist at independent living standards thinktank the Resolution Foundation.

Have things gotten better under Labour?

Disposable income has increased by £41 per person per month since Labour took office in July 2024. However, that masks a significant deterioration in recent months: it is lower now than it was at the start of 2025.

In the first six months of Labour’s tenure, disposable income rose by £55, a larger increase than under any other government in the same period. In part, this was down to the pay rises for public sector workers that had been agreed under the previous Conservative administration.

But the rise also represents a continuation of the trajectory from the final six months of the outgoing government. Between December 2023 and June 2024, monthly disposable income rose by £46.

That trajectory reversed in the first part of this year, and the average person now has £14 less to spend or save each month than they did at the start of 2025.

Jeremy Hunt, Conservative chancellor from October 2022 until the July 2024 election defeat, told Sky News: “The big picture is that it was the pandemic rather than actions of a government that caused it [the fall in disposable income].

“I clawed some back through (I know I would say this) hard work, and Labour tried to buy an instant boost through massive pay rises. The curious thing is why they have not fed through to the numbers.”

The £40 drop between Mr Johnson’s electoral victory in 2019 and Mr Sunak’s loss in 2024 is roughly the same as the average person spends on food and drink per week.

By comparison, since 1955, when the data dates back to, living standards have improved by an average of £115 per month between parliamentary terms.

Vital services, things like energy, food and housing, that all need to be paid for out of disposable income, have all increased in price at a faster rate than overall inflation since 2019 as well.

This means that the impact on savings and discretionary spending is likely to be more severe for most people, and especially so for lower earners who spend a larger proportion of their money on essentials.

Responding to our analysis, the Resolution Foundation’s Lalitha Try said: “Average household incomes fell marginally during the last parliament – an unmitigated disaster for living standards, as families were hit first by the pandemic and then the highest inflation in a generation.

“We desperately need a catch-up boost to household incomes in the second half of the 2020s, and to achieve that we’ll need a return to wider economic growth.”

Analysis by the Joseph Rowntree Foundation, which also takes into account housing costs, says that disposable income is projected to be £45 a month lower by September 2029 than it was when Labour took office.

We approached both Labour and the Conservative Party for comment but both failed to respond.

How are Labour performing in other areas?

Labour have made “improving living standards in all parts of the UK” one of their main “missions” to achieve during this parliament.

Sam Ray-Chaudhuri, research economist at the Institute for Fiscal Studies, told Sky News: “Labour’s mission to see an increase in living standards over the parliament remains a very unambitious one, given that (now) almost every parliament has seen a growth in disposable income.

“Doing so will represent an improvement compared with the last parliament, but it doesn’t change the fact that we are in a period of real lack of growth over the last few years.”

As well as the living standards pledge, the Sky News Data x Forensics team has been tracking some of the other key promises made by Sir Keir and his party, before and after they got into power, including both economic targets and policy goals.

Use our tracker to see how things like tax, inflation and economic growth has changed since Labour were elected.

The policy areas we have been tracking include immigration, healthcare, house-building, energy and crime. You can see Labour’s performance on each of those here.


The Data and Forensics team is a multi-skilled unit dedicated to providing transparent journalism from Sky News. We gather, analyse and visualise data to tell data-driven stories. We combine traditional reporting skills with advanced analysis of satellite images, social media and other open source information. Through multimedia storytelling we aim to better explain the world while also showing how our journalism is done.

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COVID-19 report goes a long way to answering inquiry’s critics

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COVID-19 report goes a long way to answering inquiry's critics

This scathing report goes a long way to answer the UK COVID-19 Inquiry’s critics, who have consistently attacked it as a costly waste of time.

They tried to undermine inquiry chair Lady Hallet’s attempt to understand what went wrong and how we might do better, and portray it as a lame exercise that would achieve very little.

Well, we now know that Boris Johnson’s “toxic and chaotic” government could well have prevented at least 23,000 deaths had they acted sooner and with greater urgency.

Follow latest: All four UK governments ‘failed to appreciate’ scale of COVID pandemic threat

File Pic: PA
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File Pic: PA

The response was “too little, too late”. And nobody in power truly understood the scale of the emerging threat or the urgency of the response it required.

The grieving families who lost loved ones in the pandemic want answers. They want names. And they want accountability.

But that is beyond the remit of this inquiry.

More on Boris Johnson

Read more:
‘Toxic and chaotic culture’ at centre of UK government during the pandemic
A timeline of the UK’s response to the pandemic

Everything you need to know about the COVID inquiry

The publication of the report into Module 2 of the inquiry will bring them no comfort, it may even cause them more distress.

But it will bring them closer to understanding why the UK’s response to this unprecedented health crisis was so poor.

Copies of the UK COVID-19 Inquiry's findings into decisions made by former prime minister Boris Johnson and his advisers. Pic: PA
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Copies of the UK COVID-19 Inquiry’s findings into decisions made by former prime minister Boris Johnson and his advisers. Pic: PA

We can easily identify the “advisers and ministers whose alleged rule breaking caused huge distress and undermined public confidence”.

And we know who was in charge of the Department of Health and Social Care as it misled the public by giving the impression that the UK was well prepared for the pandemic when it clearly was not.

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All four UK governments ‘failed to appreciate’ scale of COVID pandemic threat – inquiry finds

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All four UK governments 'failed to appreciate' scale of COVID pandemic threat - inquiry finds

All four UK governments failed to appreciate the scale of the threat posed by COVID-19 or the urgency of the response the pandemic required, a damning report published on Thursday has claimed.

Baroness Heather Hallett, the chair of the inquiry, described the response to the pandemic as “too little, too late”.

Tens of thousands of lives could have been saved during the first wave of COVID-19 had a mandatory lockdown been introduced a week earlier, the inquiry also found.

Noting how a “lack of urgency” made a mandatory lockdown “inevitable”, the report references modelling data to claim there could have been 23,000 fewer deaths during the first wave in England had it been introduced a week earlier.

The UK government first introduced advisory restrictions on 16 March 2020, including self-isolation, household quarantine and social distancing.

Had these measures been introduced sooner, the report states, the mandatory lockdown which followed from 23 March might not have been necessary at all.

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All four UK govts ‘failed to appreciate’ scale of pandemic

COVID-19 first emerged in the Chinese city of Wuhan at the end of 2019, and as it developed into a worldwide pandemic, the UK went in and out of unprecedented lockdown measures for two years starting from March 2020.

More on Covid Inquiry

Lady Hallett admitted in her summary that politicians in the government and devolved administrations were forced to make decisions where “there was often no right answer or good outcome”.

“Nonetheless,” she said, “I can summarise my findings of the response as ‘too little, too late'”.

Report goes long way to answer inquiry’s critics

This scathing report goes a long way to answer the Covid 19 Inquiry’s critics who have consistently attacked it as a costly waste of time.

They tried to undermine Lady Hallet’s attempt to understand what went wrong and how we might do better as a lame exercise that would achieve very little.

Well, we now know that Boris Johnson’s “toxic and chaotic” government could well have prevented at least 23,000 deaths had they acted sooner and with greater urgency.

The response was “too little, too late”. And that nobody in power truly understood the scale of the emerging threat or the urgency of the response it required.

The grieving families who lost loved ones in the pandemic want answers. They want names. And they want accountability.

But that is beyond the remit of this Inquiry.

The publication of the report into Module 2 will bring them no comfort, it may even cause them more distress but it will bring them closer to understanding why the UK’s response to this unprecedented health crisis was so poor.

And we can easily identify the “advisors and ministers whose alleged rule breaking caused huge distress and undermined public confidence”.

Or who was in charge of the Department of Health and Social Care, as it misled the public by giving the impression that the UK was well prepared for the pandemic when it clearly was not.

‘Toxic culture’ at the heart of UK government

The report said there was “a toxic and chaotic culture” at the heart of the UK government during the pandemic.

The inquiry heard evidence about the “destabilising behaviour of a number of individuals” – including former No 10 adviser Dominic Cummings.

It said that by failing to tackle this chaotic culture – “and, at times, actively encouraging it” – former PM Boris Johnson “reinforced a culture in which the loudest voices prevailed and the views of other colleagues, particularly women, often went ignored, to the detriment of good decision-making”.

‘Misleading assurances’

The inquiry found all four governments in England, Scotland, Wales and Northern Ireland failed to understand the urgency of response the pandemic demanded in the early part of 2020.

The report reads: “This was compounded, in part, by misleading assurances from the Department of Health and Social Care and the widely held view that the UK was well prepared for a pandemic.”

The report notes how the UK government took a “high risk” when it significantly eased restrictions in England in July 2020 – “despite scientific advisers’ concerns about the public health risks of doing so”.

Lady Hallett has made 19 key recommendations which, if followed, she believes will better protect the UK in any future pandemic and improve decision-making in a crisis.

Repeated failings ‘inexcusable’

In a statement following the publication of Thursday’s report, Lady Hallett said there was a “serious failure” by all four governments to appreciate the level of “risk and calamity” facing the UK.

She said: “The tempo of the response should have been increased. It was not. February 2020 was a lost month.”

Read more:
A timeline of the UK’s response to the pandemic

Lady Hallett said the inquiry does not advocate for national lockdowns, which she said should have been avoided if at all possible.

She said: “But to avoid them, governments must take timely and decisive action to control a spreading virus. The four governments of the UK did not.”

Lady Hallett said none of the governments were adequately prepared for the challenges and risks that a lockdown presented, and that many of the same failings were repeated later in 2020, which she said was “inexcusable”.

She added: “Each government had ample warning that the prevalence of the virus was increasing and would continue to do so into the winter months. Yet again, there was a failure to take timely and effective action.”

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Fresh weather warnings issued as parts of UK threatened with blizzard conditions

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Fresh weather warnings issued as parts of UK threatened with blizzard conditions

Fresh yellow weather warnings for ice have been issued for many areas of the UK, as some areas are threatened with blizzard conditions on Thursday.

An amber warning for snow – covering northeast England, including Scarborough, Whitby and parts south of Middlesbrough – is in force until 9pm on Thursday.

UK weather latest: Blizzard warning for amber area

The Met Office said there could be “significant snow accumulations” over the North York Moors and parts of the Yorkshire Wolds with up to 25cm (10ins) on hills above 100m (330ft).

“Gusty winds, giving occasional blizzard conditions, and perhaps a few lightning strikes, may accompany some of the showers, posing as additional hazards,” the warning added.

Some A-roads in North Yorkshire were reported to be “gridlocked”, according to Shingi Mararike, Sky News’ North of England correspondent, but he added gritters are out to deal with the bad weather.

A car overturns on the A19 near Sunderland. Pic: PA
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A car overturns on the A19 near Sunderland. Pic: PA

The Glenshane Pass in County Londonderry has been coated in snow. Pic: PA
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The Glenshane Pass in County Londonderry has been coated in snow. Pic: PA

Snowy conditions near Skipsea in the the East Riding of Yorkshire. Pic: PA
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Snowy conditions near Skipsea in the the East Riding of Yorkshire. Pic: PA

Snow ploughs have been hard at work on the North York Moors and a thick coat of snow is covering the A169 between Pickering and Whitby.

More on Uk Weather

Dozens of schools have been closed in North Yorkshire and Scotland.

Amber warning for snow in parts of northeast England and south of Middlesbrough until 9pm on Thursday. Pic: Met Office
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Amber warning for snow in parts of northeast England and south of Middlesbrough until 9pm on Thursday. Pic: Met Office

A number of yellow warnings are also in force for snow and/or ice across large parts of Britain.

In many of the warnings issued by the Met Office, there are concerns that where “showers persist and/or snow partially thaws and then refreezes overnight, this will bring a risk of ice”.

Weather warnings in the UK for snow and ice across various regions on Thursday (left) and ice on Friday (right). Pic: Met Office
Image:
Weather warnings in the UK for snow and ice across various regions on Thursday (left) and ice on Friday (right). Pic: Met Office

Jo Wheeler, Sky’s weather presenter, said clear skies will allow temperatures to tumble again as Thursday night approaches, “with an early and severe frost expected, and the associated risk of icy stretches on untreated roads and pavements”.

Coldest night so far

Overnight Wednesday into Thursday was the coldest of the season so far, according to the Met Office.

Temperatures dropped as low as -6.6C (20F) in Benson, Oxfordshire. There were two -6.4C (20F) temperatures recorded in Wales (in Sennybrigde) and in Scotland (Dundreggan).

While in Northern Ireland it fell to -2.8C (27F) in Altnahinch Filters.

Cold health alerts in force

As well as the one amber weather warning covering parts of the UK, there are two amber health alerts in place in three areas of England from the UK’s Health Security Agency.

An amber health alert is designed to prepare health services, including for the potential for a rise in deaths among the over-65s and people with health conditions.

The alerts are in effect in North East and North West England, along with the Yorkshire and the Humber region until 8am on 22 November.

Yellow cold-health alerts are in place for the rest of England and also expire at the same point.

Walk like a penguin

NHS Greater Glasgow and Clyde (NHSGGC) is recommending that people should walk like penguins to avoid dangerous slips and trips on icy surfaces.

The technique, which went viral in previous winters, is back for 2025 as part of the health board’s winter campaign.

Laura Halcrow, falls prevention lead at NHSGGC, said: “It might look funny, but waddling really works. A slip on ice can cause painful injuries and even hospital stays, especially for older people.”

Turning wet and windy

Sky’s weather presenter, Jo Wheeler, adds that the forecast is set to change this weekend.

“We’ll trade the cold sunshine and wintry showers for wet and windy conditions with rain turning heavy as it crosses the country on Saturday.”

“The British weather, fickle as always, looks like delivering a brief change to this milder westerly flow followed by an equally quick change back to a chilly northerly flow.”

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