UK living standards hit by rising prices and weak wage growth

Resolution Foundation says households suffering worse than 1990s recession

Britain's weak wage growth and rising prices have delivered a hit to living standards of a severity normally only seen during a deep recession, a leading thinktank has said.

While official data has shown a pick-up in real earnings growth in recent months, the Resolution Foundation said household incomes had declined by 0.5% in the period from 2016-17 to 2018-19.