In 2023, the net social protection value against social exclusion in the UK was approximately 11.82 billion euros. From 2024 onwards, a year-on-year decrease in net social protection spending is forecasted. By 2028, it is expected to reach 10.18 billion euros, indicating a cumulative reduction over five years. The annual decrease highlights a gradual downward trend with a CAGR of approximately -3% over the period.
Future trends to watch for include:
- Increased focus on targeted social inclusion policies as traditional spending declines.
- Potential reallocation of resources to more efficient social protection programs.
- A shift towards digital and innovative solutions to enhance social welfare delivery.
