|Date:||07 March 2017|
This video summarises the findings from a new IFS report, Living Standards, Poverty and Inequality in the UK: 2016–17 to 2021–22, funded by the Joseph Rowntree Foundation. The research uses data on household incomes, together with OBR macroeconomic forecasts and announced changes in tax and benefit policy, to project household incomes up to 2021–22. It finds that the historically weak growth in living standards is set to continue, with low-income households with children set to fare worst.
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