Britain heading for worst fall in living standards since 1950s as 1.3m people face ‘absolute poverty’
The Independent says Britain is heading for its biggest fall in living standards since the 1950s this year, despite a mini-Budget in which chancellor Rishi Sunak slashed £330 off national insurance for the average worker and took 5p off the tax on a litre of petrol.
The chancellor also promised a 1p cut in the basic rate of income tax in 2024, in what was immediately denounced as a pre-election bribe.
But he did nothing for the poorest, who see welfare benefits far outstripped by inflation which is expected to peak close to 9 per cent this year.
https://www.independent.co.uk/news/uk/politics/rishi-sunak-spring-statement-tax-b2042483.html
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