Households facing a very bleak decade

UK households face a “bleak” living standards outlook for the remainder of the 2020s, with the tough start to the decade also contributing to the risk that some could end up no better off by 2030 than they were a decade earlier, according to a think tank.

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The Resolution Foundation said that the “bust, boom and bleak outlook” seen this decade could leave the 2020s “as the first decade of the modern era to witness no improvement in disposable incomes across Britain”.