Damn, damn, damn

The income distribution figures for 2006/07 are out, and they’re just not bloody good enough.

Measured before housing costs, the proportion of children living below 60% of median earnings is unchanged on 2005/06; the proportion below 70% is unchanged and the proportion below 50% is up one percentage point (about 100,000 children).

After housing costs, the proportion below each of these thresholds is up one point.

There’s a lot to read, and I’m sure the IFS will have a lot to add in the next day or two, so I’ll hold off any more detail for the moment.