UK Households' Spending Power To Drop By £3,000, Warns Thinktank

2nd September 2022

An article published in the Guardian on 1 September 2022.

Households in Britain will see their spending power cut by an average £3,000 by the end of next year unless the new government acts to counter the biggest drop in living standards in at least a century, research has indicated.

Adding to pressure on Boris Johnson's successor as prime minister to tackle a worsening cost of living crisis, the Resolution Foundation thinktank said soaring energy bills would cut household incomes by 10% and push an extra 3 million people into poverty.

Read the full article HERE