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Pandemic 'exposed' UK households' finances, report finds

Germany Britain France pandemic economy Coronavirus
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LONDON – Households in Britain, especially poorer ones, are far more likely to have suffered a severe income shock during the coronavirus pandemic over the past year than their counterparts in France and Germany, a well-respected British-based think tank said Wednesday.

The Resolution Foundation also said that households in the U.K. are also more likely to have run up more debt in response to the financial shockwaves emanating from the pandemic.

In a report, which was entitled "After Shocks" and was supported by U.S. investment bank JPMorgan Chase, researchers said typical household incomes in the U.K., France and Germany were broadly similar in the year before the pandemic but that higher levels of inequality and a weaker safety net meant

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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