UK families ‘worse off’

UK HoUsEHoLDs are £1,500 worse off since the EU referendum.

By the end of 2018, real disposable income was £1,500 a year lower than the office for Budget Responsibility forecasted pre-referendum, says thinktank the Resolution Foundation.

The UK has experienced the sharpest slowdown in income growth of any country for which the organisation for Economic Cooperation and Development publishes data. Around £800 of the fall comes from sluggish economic growth, while the rest comes from higher inflation and lower wage growth.