Simply staggering numbers in OBR report.
Real Household Disposable Income per person to fall more than 7% over next two years.
Biggest fall on record.
Taking incomes down to 2013 levels.
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Well, they were warned and it was all just "Project fear"...........
And of course nothing to do with Brexit! Uk politician being interviewed about the budget, he listed one of the headwinds that the economy was facing as disruption to trade-he just could not bring himself to say Brexit
Tough for the people though.The forecasted fall in living standards is staggering. Only really just caught up with it now. Scary stuff:
The UK is forecasted to have a decade with where living standards are abysmal in comparison to what they should be, with a really shockingly bad 2 year period, dropping standards to what they were 12 years ago. Covid is a mere blip on this chart.
Funnily enough, this is great news for labour, the further down that curve they take over, the more they benefit from being seen as the drivers of the rise in standards.
I suppose they practically had to suffer the pain and inconvenience to understand how stupid the whole idea is.
Attitudes have changed massively this year, trend is pretty clear.
Minds are changing. Slowly but it's happening.