Britain is in the midst of a "disastrous decade" for living standards with taxes set to hit a 70-year high after 13 years of Tory rule, a post-Budget analysis warns.
The Resolution Foundation says average real household disposable incomes will still be lower in 2027-28 compared with before the Covid crisis.
The anti-poverty think-tank warned of looming austerity with spending cuts of up to 10% at some Whitehall ministries thanks to Jeremy Hunt's Budget.
