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IFS director warns of 'grim' news for living standards
Video Credit: ODN
Published on November 17, 2022 - Duration: 00:30s
IFS director warns of 'grim' news for living standards
The Institute for Fiscal Studies has warned of a "grim time" for living standards after the Office for Budget Responsibility forecast that household incomes would fall by seven per cent over the next two years.
Director Paul Johnson said: "That will be the biggest fall in living standards possibly in history, certainly for a very, very long time." Report by Buseld.
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Institute for Fiscal Studies
UK economic research institute
Office for Budget Responsibility
Advisory non-departmental public body in the UK