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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

UK workers will be worse off in 2024 than in 2019, thinktank warns

a pair of glasses next to a credit card and pay slip
The Resolution Foundation said higher mortgage and rental costs, higher tax bills and restricted government finances would limit the UK economic recovery. Photograph: Andy Rain/EPA

UK workers’ living standards will flatline next year, leaving them on track to be 4% worse off heading into the next election than they were in 2019, according to a leading thinktank.

The Resolution Foundation, which focuses its research on low- to middle-income households, said in a report that “never in living memory have families got so much poorer over the course of a parliament”.

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