Families ‘facing hardest period in five decades’ as Britain's economy stalls

Household income will rise by just 220 in five years, thinktank says, as unions warn of harm to self-employed

Britain is on course for one of the worst periods of income growth since records began, according to an analysis outlining the economic fallout from the Covid-19 pandemic.

With the government already under pressure to improve the financial aid it is providing, it emerged that real household disposable income is set to rise by just 220 from 2019 to 2024, the expected period of the current parliament, a lift of just 1%.