This meant that, between 2001//12, their overall effect on reducing inequality increased slightly. However, the average amount households receive in cash benefits as a proportion of their income increased for much of that time. Since the late 1990s, the progressivity of cash benefits has decreased, meaning that they have become less targeted towards reducing inequality. Impact of cash benefitsĬash benefits play a large role in reducing income inequality, leading to a reduction in inequality as measured by the Gini coefficient of 14.2 percentage points in 2014/15. However, since the economic downturn their income share has fallen sharply. While there was little change in overall levels of inequality during the 1990s and early 2000s, unofficial estimates suggest the income share of the richest 1% (and 0.1%) increased steadily over this time. Since 2007/08, there has been a slight decrease in overall income inequality, though from a longer-term perspective it is above levels seen in the early 1980s.
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