How are UK living standards?



2017-03-02T10:58:13.550Z
2017-03-02T10:58:13.550Z

Raindrops. Abi Skipp

What has happened to UK living standards?

UK living standards are not growing well, according to the respected think tank the Institute for Fiscal Studies. The UK is currently seeing the weakest growth in living standards in 60 years, and low income families are doing the worst, the IFS said in a report on 2 March 2017. UK average household incomes would be 18% lower in 2021-22 than could have been reasonably expected before the financial crisis in 2007-08.

Sources

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