Working-age households are set for a year of income stagnation in the run-up to the next general election, with the current parliamentary term on track to be the worst for living standards growth since at least the 1950s, according to a think-tank.
The Resolution Foundation, which is focused on improving living standards for those on low to middle incomes, said that “never in living memory have families got so much poorer over the course of a Parliament”.
