UK Facing Longest Fall In Living Standards For Over 60 Years, Finds Think Tank

"The UK is on course for the longest period of falling living standards since records began, according to a leading think tank. The Resolution Foundation said data released in the Budget showed British are families suffering the biggest squeeze in their finances since the 1950s. It explained in a report published this morning that the UK economy will be £42bn smaller in 2022 than we thought it would be in March after official data indicated dismal growth forecasts in coming years."