 "London, UK")
Britain is half way through a cost-of-living crisis that will leave families £2,100 ($2,488) worse off, the Resolution Foundation said.
The squeeze will reduce disposable incomes further falling than in the aftermath of the global financial crisis more than a decade ago, according to the research group’s report released Monday.
The findings add to a bleak outlook for UK households after inflation jumped to double digits and borrowing costs spiked.
“Britain is only at the mid-point of a two-year income squeeze,” said Lalitha Try, researcher at the Resolution Foundation. “The crisis is already taking its toll on
The squeeze will reduce disposable incomes further falling than in the aftermath of the global financial crisis more than a decade ago, according to the research group’s report released Monday.
The findings add to a bleak outlook for UK households after inflation jumped to double digits and borrowing costs spiked.
“Britain is only at the mid-point of a two-year income squeeze,” said Lalitha Try, researcher at the Resolution Foundation. “The crisis is already taking its toll on
