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<p>The Government continues to monitor and publish trends in households’ circumstances
across the UK. The Household Below Average Income (HBAI) publication looks at household
incomes in the UK, but the latest available figures only cover up to the financial
year 2018/19 and so do not measure the time period in which COVID-19 has had an impact.</p><p>
</p><p>The Office for National Statistics (ONS) also produce estimates of household
income and household financial net wealth for the whole of the UK. While the latest
data published is not broken down by age and region, it indicates that for the UK
as a whole real household disposable in 2020 Q3 was 1.9% higher than the same quarter
in 2019. Household financial net wealth as a proportion of income was 366% in 2020
Q3, up from 342% in Q4 2019.</p><p> </p><p>Throughout the pandemic, the Government
has sought to protect people’s jobs and livelihoods across the UK, including in Coventry
North East constituency, Coventry, the West Midlands and England and across all ages,
including the young. This includes unprecedented measures such as the Coronavirus
Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEISS).
The table below sets out the latest provisional HMRC statistics on the use of the
CJRS:</p><p> </p><table><tbody><tr><td><p> </p></td><td><p>Number of employments furloughed
(as at 31 January 2021)</p></td></tr><tr><td><p>Coventry North East</p></td><td><p>7,300</p></td></tr><tr><td><p>Coventry</p></td><td><p>20,200</p></td></tr><tr><td><p>West
Midlands</p></td><td><p>366,400</p></td></tr><tr><td><p>England</p></td><td><p>3,769,700</p></td></tr><tr><td><p>Under
25 year-olds (across all of UK)</p></td><td><p>855,200</p></td></tr></tbody></table><p>
</p><p>The table below sets out the latest figures on the use of the SEISS:</p><p>
</p><table><tbody><tr><td><p> </p></td><td><p>Number of SEISS 1 claims made up to
31 July 2020 (16-24 year olds)</p></td><td><p>Number of SEISS 2 claims made up to
31 October 2020 (16-24 year-olds)</p></td><td><p>Number of SEISS 3 claims made up
to 31 January 2021 (16-24 year-olds)</p></td></tr><tr><td><p>West Midlands</p></td><td><p>7,000</p></td><td><p>6,400</p></td><td><p>5,900</p></td></tr><tr><td><p>England</p></td><td><p>79,600</p></td><td><p>73,300</p></td><td><p>68,400</p></td></tr></tbody></table><p>
</p><p>In order to illustrate the challenges faced by households during COVID-19,
and how Government interventions have supported households of different income levels,
HM Treasury published distributional analysis alongside Budget 2021 showing estimates
of the change in household net incomes between February and November 2020. This can
be found here: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/966207/DA_Document_Budget_2021.pdf"
target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/966207/DA_Document_Budget_2021.pdf</a>.</p>
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