Today news
About the same in other media
British households will be £1,000 worse off next year, thinktank warns
Reading now: 738
British households will be £1,000 worse off next year from a cost of living squeeze created by rising energy prices and shortages of workers and supplies caused by Covid and Brexit, a leading thinktank has warned.
The Resolution Foundation said higher levels of inflation would weigh down workers’ earnings next year, contributing to a hit to the average household income in Britain at a time when the government is cutting benefits and raising taxes.
It said the average household disposable income, after adjusting for inflation, would be about 2% lower by the end of 2022 relative to forecasts made in March by the Office for Budget Responsibility (OBR), before the surge in shop and energy bill prices.
Although the OBR had predicted that household
Read more on theguardian.comAbout this in other media
Cop26 will be derailed unless the rich world meets its obligation to the poor theguardian.com /3 years ago
British trawler detained by France amid fishing row leaves Le Havre after a week euronews.com /3 years ago
LSE boss says EU firms will suffer if clearing deal runs out fnlondon.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
