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The Independent UK
The Independent UK
Christopher McKeon

UK households left thousands of pounds worse off due to cost-of-living crisis, study finds

United Kingdom Andy Burnham James Smith John Healey Inflation The Resolution Foundation

British households are nearly £3,000 worse off following five years of pressure on living standards, according to research from a leading think tank.

A study by the Resolution Foundation reveals the UK endured the equivalent of 13 years of typical price rises in just five, driven by the pandemic and conflicts in Ukraine and the Middle East.

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