Mini-budget benefits London and south-east England, study shows

Analysis by Resolution Foundation shows 95% of UK population will be worse off after chancellor's actions

The chancellor's mini-budget will disproportionately benefit London and the south-east, a new analysis has found, marking a sharp U-turn from the levelling up strategy of the previous government.

According to the Resolution Foundation, an independent thinktank, households in London and the south-east could gain an average of 1,600 next year from Friday's fiscal statement. This is three times as much as those in Wales, the north-east and Yorkshire, which it predicts will gain an average of 500.