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The lifting of the first COVID-19 lockdown earlier this year did little to improve the incomes of people in Britain who lost out from the restrictions, and lower-earning households have borne the brunt of the hit, a think tank said on Sunday.
With unemployment on the rise in Britain, the proportion of adults reporting a drop in incomes improved only slightly to 23% between July and September from 27% in the April-June period, the Resolution Foundation said in a report.
Adults in the highest 20% income band, or an average of 64,000 pounds ($84,400) a year, were more likely to have seen their family budgets improve than deteriorate from before the pandemic as many managed to save more.
By contrast, low-income households on 13,000 pounds a year were more than twice as likely to have seen their budgets deteriorate.The report was based on a survey of 6,061 adults between Sept. 17 and 22.
The pan-European Stoxx 50 climbed up by 0.11% to 3,432.07. In the cash markets, the DAX futures Germany was trading 0.18% higher at 13,076.87, CAC 40 futures in France climbed up 0.33% to 5380.16, while the FTSE 100 futures in the U.K. fell by 0.36 % to 6316.10,at the time of writing.