Content overview: “UK living standards to fall for three years, Resolution Foundation warns”. British households are set to endure a prolonged squeeze on their finances, with the Resolution Foundation warning that real disposable incomes will fall over the next three years. The think tank’s analysis points to a combination of high inflation, rising taxes, and weak wage growth that will leave The think tank’s analysis points to a combination of high inflation, rising taxes, and weak wage growth that will leave families worse off than before the pandemic.
The projections mark the worst sustained drop in living standards since records began, with lower-income households hit hardest by soaring energy and food bills. The Foundation’s researchers say the pain will be felt well into the mid-2020s, undermining the government’s promises to level up and boost prosperity. This listing links straight to the original page, where the content is available in full.