Low-income Britons 'more vulnerable to recession than in 2008'

Weak wage growth and years of austerity mean Brexit downturn will be harder for poor

Low-income households in Britain are more vulnerable to recession than they were before the financial crisis, the Resolution Foundation has warned, amid the mounting risks of a Brexit downturn.

According to the thinktank, a decade of weak wage growth has left the poorest UK households and middle-income families less prepared for another downturn. It also warned the gradual dismantling of the benefits system under the policy of austerity imposed over the past decade by Conservative-led governments has left people without the same degree of support.