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Chronicle Live
Chronicle Live
National
Dan O'Donoghue

Families warned to brace for hit 'twice as bad' as financial crash next year

Households will see incomes fall by around 10% over the next year and will face an economic hit "twice as bad" as the financial crash, economists have warned.

As the energy crisis deepens, many families - particularly in deprived areas across the North - are set to face the impossible choice between "heating and eating", MPs were told today.

Economist Torsten Bell warned that in conjunction with surging bills, there would also be a "significant" increase in strike action - as workers demand fairer wages to cope with bills.

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