'We just got a whole lot poorer,' says IFS head after autumn statement – video

Paul Johnson, director of the Institute for Fiscal Studies, said the British people had 'just got a whole lot poorer', during a livestream in which his thinktank shared its analysis on the autumn statement and broader economic climate. Explaining the scope of the burden this would place on the public, Johnson said we have entered a new high tax, large state era. 'I would be most surprised if the tax burden gets back down to its longterm pre-Covid average at any time in the next several decades,' he said

• The British people just got a lot poorer', says IFS thinktank