The Resolution Foundation said typical family incomes have grown by just £140 a year since 2010.
Britain’s “great living standards slowdown” has left typical family incomes growing by £140 a year since 2010, according to a think tank.
Three economic shocks in a little over a decade – the financial crisis, Covid-19 and double-digit inflation, with little catch-up growth in between, have resulted in disposable income growth slowing to a crawl, researchers said. This is partly explained by cost-of-living payments last year, as well as the UK’s strong employment performance, it said.
Lalitha Try, an economist at the Resolution Foundation, said: “Britain is finally emerging from the cost-of-living crisis.
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