Forecast: Means-Tested Gross Social Protection in the UK

The data shows a declining trend in the forecast for means-tested gross social protection in the UK, with values decreasing from €92.67 billion in 2024 to €87.84 billion in 2028. Compared to 2023, this indicates a shift in government spending priorities or changes in eligibility criteria. The year-on-year decrease is approximately 1.34% on average from 2024 onwards, suggesting an ongoing reduction in the budget for social protection. The compound annual growth rate (CAGR) highlights a negative trend with an average annual reduction.

Future trends to watch include potential policy changes due to political shifts or economic conditions that may alter this projection. Additionally, demographic changes and economic fluctuations could influence future funding requirements and allocations for social protection programs.