Article preview: The Covid-19 pandemic could cut average wages by £1,200 a year by 2025. New analysis by the think tank the Resolution Foundation, following the Chancellor’s public spending review, warns that the pandemic will continue to squeeze living standards. Chancellor Rishi Sunak announced his spending review in the House of Commons, accompanied by forecasts from the independent Office for Budget Responsibility.
Covid crisis could further squeeze household income
This 340-word blog post looks at a new warning from the Resolution Foundation, following the Chancellor’s public spending review, of a further squeeze on household incomes due to the Covid-19 pandemic. Written on 26th November 2020.
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