The forecast for sickness social protection benefits subject to social contributions in the UK shows a declining trend from 2024 to 2028. Starting at a forecasted value of 5.16 in 2024, it decreases annually, reaching 4.65 by 2028. This reflects a consistent year-on-year decrease, with an average annual decline (CAGR) over this period. In comparison, the values are down from 2023 levels, indicating a broader long-term downward trend.
Future trends to watch for include:
- Potential policy changes impacting benefit levels
- Demographic shifts influencing demand for benefits
- Economic factors affecting social contribution rates