This paper compares consumption and income as measures of households' living standards using UK data. It presents … one gets about trends in the level and inequality of living standards in the UK when using consumption, and when one adds … composition of households with low living standards if these are identified with consumption rather than income. …

effects. Combining the labor shock and price shock simultaneously, the simulations in this paper show an increase in poverty … individuals in sectors such as tourism and construction are expected to fall into poverty due to COVID-19. The paper estimates … poverty. Specifically, the increase in poverty will be 6.5 percentage points under the optimistic scenario if mitigation …