To understand the effects of the P2030 programme on households with different compositions and incomes, we model 13 different household types across five income quintiles. The calculations are based on households because many of the services apply at the household level, such as the Universal Energy Service and NFS School Meals. The per person Universal Services, such as Digital and Transport, are then added to the households savings based on the number of adults and children in the household.
Turning £1 into £1.21
The efficiency by which Universal Services drive down the cost of living by more than they cost to deliver is a signifiant part of what makes the P2030 programme work. The six core Universal Services (Transport, Energy, Water, Information, Digital, Food) cost £42 billion to deliver and reduce the cost of living by £51 billion.
This section explores how those savings land across different households with differing incomes. The results are unambiguously progressive.
Calculator
To see how the P2030 programme might affect your household, check out the Prosperity 2030 Calculator.