‘Near impossible’ for poorer families to afford food and bills as UK faces decade of falling incomes, report warns
Low-income families will find it “near impossible” to afford food, heating and bills as UK faces a decade of falling incomes, a charity has said in a stark new warning.New analysis from the Joseph Rowntree Foundation claims that by the end of this parliament, disposable incomes in Britain will be on average £550 lower per year than in September 2024 – a fall of 1.3 per cent – and £570 lower than today. This would represent the worst fall in living standards seen by any parliament since detailed records began in 1961, with the foundation warning that such a decline will prompt voters to punish Labour at the next election. Low-income families will find it “near impossible” to afford food, heating and bills, a new report has warned More