Forecast: Non Means-Tested Gross Social Protection in the UK

The forecast for non-means-tested gross social protection in the UK suggests a gradual rise from 2024 to 2028, indicating a stable trend. In 2023, this metric stood at slightly below 21.89% of GDP, marking a focus on maintaining support without drastic policy changes. Year-on-year increases from 2024 to 2028 hover around 0.23% annually, showcasing a consistent but moderate expansion. The average Compound Annual Growth Rate (CAGR) over this period sustains this ascending pattern, confirming the rigor in social protection spending as a GDP percentage.

Future trends to monitor include potential policy shifts influenced by economic conditions and government spending priorities. Additionally, demographic changes and inflation rates could impact these forecasts significantly as they affect the socio-economic landscape and public financing requirements.