OBR says UK's living standards to fall by 7%

The Office for Budget Responsibility, the UK's spending watchdog, says that living standards will fall by 7%, wiping out eight years' worth of growth as the country falls into a recession.

The Guardian on YouTube:

#Budget #UK #CostOfLiving #LivingStandards #News #OBR

[firefang]

Well at least the private energy companies are making record profits, cause that's what really matters at the end of the day :)

[BIBIWCICC]

Yet we allow the five main insurance companies to start banking offshore in Gibraltar and avoid paying tax when the country needs everyone’s tax to get us through. What would happen if we all decided to start banking offshore? Companies like Admiral are stealing tax income from the UK public.

[katarzynaidzikowska]

Cut the energy and gas prices . Energy companies make huge profits while people struggle

[Amiciefamiglia]

We need to take action against this corrupt government

[neosgaming]

Pretty soon Africa’s gonna have a benefit concert for us.

[dave]

We need a wealth tax now!

And MPs should get a pay cut too

[myrtleesther]

All politicians should serve a 3 year apprenticeship living on minimum wage without expenses or privileges so then they can be qualified to make recommendations and decisions as public servants .

[SR-czyy]

Living standards to fall because they'll make it fall!!

[lewistillison]

Stating people's living standards with a number is the reason why it is like this. Classing people as statistics is dehumanising. It takes away empathy and emotion.

[fumurph]

Might just get my wages paid straight into EDF's account to save a bit of hassle...

[hendrixisgod]

Isn’t it their job to improve our living standards?

[JesusisaMuslim]

The bill for military action in the past 24 years was £34.7billion. The sum is enough to pay nearly 5, 000 nurses or police officers for their entire career, or fund free university tuition for all higher education students for a decade.

[Arthur_King_of_the_Britons]

20 years of mass immigration
20 years of increasing debt
20 years of cuts to public services in real terms
20 years of spiraling house prices
20 years of increasing crime
20 years of increasing poverty

[RocketPropelledWombat]

Wow I didn't realise it could get any lower than it is already. You live & learn.

[beast]

I'm genuinely going to be completely gobsmacked if people still vote Tory after this. Health services getting a real terms funding cut. Again. And living standards continue to fall while inflation isn't going down. And I can't be the only one who noticed the distinct lack of immediate support. All of it was slated to begin next year or at the end of December. That's not the help people need.

[KevinTalbotTV]

Everyone pro lockdown and handouts deserves it, you got what you asked for

[JohnDavis-edsg]

Politics made this mess, but politicians ensure they are always protected from their actions.

[JayDeeDaniels]

The great reset.. yes reset of rights, living standards, wages, safety, constitution..👌🏽👌🏽

[Ukipmiddleleft]

Don't spend a penny more than your bills. Watch taxes fall and prices drop like stones

[ErnaldtheSaxon]

When they speak of democracy they don't mean government by the people They mean financial democracy where money counts and nothing but money True democracy only begins when the will of the people is carried out