Households face ‘dismal’ rise in spending power, says IFS

Pritti Mistry,Business reporterand

Archie Mitchell

Getty Images The chancellor, Rachel Reeves, wears a blue suit and white shirt as she holds up her red box in front of the black door to No11 Downing Street.Getty Images

Households are facing a “truly dismal” increase in living standards after the Budget, the head of an influential think tank has warned as it accused Labour of breaching its manifesto…

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