UK living standards return to pre-financial crash levels

Resolution Foundation points to rising employment and falling inflation as incomes pass 2009 peak - but warns pace of recovery likely to slow

Living standards in the UK have finally made up the ground lost as a result of the financial crash following the boost to incomes provided by rising employment and falling inflation, according to the Resolution Foundation.

The thinktank said that the longest squeeze on households in living memory had finally come to an end, with incomes surpassing their previous 2009 peak.

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