Families in Britain have thousands of pounds bad due to ten decades Fast standard of living downA new report revealed.
Today a specific house will be £ 20,000 rich rate of rise In 2005 trending, findings from the Resolution Foundation Show.
The impressive think tank finds Income for families of work In the last 20 years, only seven percent have increased. Meanwhile, imperatives like energy, food and rent have increased by 120 percent in the same period.
This level of stagnation is “unprecedented in modern times,” Foundation says, publishing its findings on its 20th anniversary.
From 1995 to 2005, Development It was recorded at 35 percent. If this was released, today’s specific family income would be £ 51,000, but is £ 31,000 instead.
This will be equal to an additional £ 394 every week for the average worker.
With pensioner, the level of increase in income between groups varies Income There is an increase of 21 percent, and the owner-oxuar up to 14 percent. Meanwhile, the income of the work Family Private rental housing has increased by only four percent.
Ruth Curtis, Chief Executive Officer of the Resolution Foundation, writes that “the strict productivity of the UK Economy” is the final cause of the recession, “is a major factor” with years of under-investment in public and private sectors “.
Think tank lead states that middle income in Britain is now 19 percent less than average in Australia, Canada, France, Germany and Netherlands.
Ms. Kartis said: “In the last 20 years, the foundation has helped Living standards At the center of political debate in BritainAnd this is the place where they look at the recession of standards living across the UK, in which the specific family wonders 20,000 pounds in a year.
“As we look forward, the task of raising the standard of living in the UK is much larger than ever – we can’t just bear any more stagnation. It makes the foundation work even more important because we re -efforts to push for constant family income growth.”
Comes as conclusions Eat And the drinking prices in Britain were confirmed to rise in the fifth consecutive month on Wednesday.
While the rate of August inflation (CPI) of August was 3.9 percent, the rate of food inflation increased from 4.9 percent to 5.1 percent in July.
Response to data, Chancellor Rahel reeves Said: “I know that families are finding it hard and that the economy gets stuck for many people. That is why I am firm to reduce the cost and support those who are facing high bills.”
Between foods, beef and wheel have increased the biggest annual increase in the price of a quarter (24.9 percent) in the last 12 months. Butter witnessed the next highest growth of 18.9 percent, while both chocolate and coffee have increased by 15.4 percent.
The needed cost of necessary, the dull income increase in the UK has struggled to leave millions of people. A Food Charity Tricel’s recent report It was found that 14 million people are facing hunger, including one in four children (3.8 million).
Research on Thursday by comparison site USWitch also found that two million families are planning to avoid using their central heating this year. energy Cost – 22 percent increase in last year.
A spokesperson of the treasury said: “As the Chancellor has clarified, our economy is not broken, but for working people, it is stuck. For change, we are taking action through our plan – we are increasing the wages of national living, £ 3 bus fare expanding the fare cap, and make a strong, more stable economy to expand free school food to put more money in people’s pockets.
“We have been progressing since the election: The actual wage has increased more in the first ten years of the previous government, which has been cut five times after more than a decade and after stoppage, the interest rates have been cut five times and the UK has increased the fastest G7 in the first half of this year.”