Case study: Record fall in household incomes erases a decade of growth
The bleak forecasts were released alongside Jeremy Hunt's Autumn Statement, in which he pledged to both support households over the recession and the depths of the energy crisis, as well as bringing debt under control by 2027-28. In a programme he said was designed to prioritise "stability, growth and public services," Mr Hunt raised the tax burden to its highest level since the Second World War. The OBR revealed...