UK facing longest fall in living standards for over 60 years, finds think tank | The Independent
▻https://www.independent.co.uk/news/uk/politics/uk-living-standards-fall-longest-60-years-records-began-economy-house
It went on to say that despite the Chancellor’s small changes to improve universal credit, tax and benefit policies announced since 2015 will push living standards down and increase inequality.
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It added that the poorest third of households are set for an average loss of £715 a year by the end of the parliament, while the richest third gain an average of £185.
Mr Bell added: "Faced with a grim economic backdrop the Chancellor will see this Budget as a political success. But that would be cold comfort for Britain’s families given the bleak outlook it paints for their living standards.