The British people ‘just got a lot poorer’, says IFS thinktank

UK has scored a series of economic own goals', Institute for Fiscal Studies says after autumn statement

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The British people just got a lot poorer" after a series of economic own goals" that have made a recovery much harder than it might have been, a leading thinktank has said.

In his verdict on the chancellor's autumn statement, Paul Johnson, the director of the Institute for Fiscal Studies (IFS), said the government was reaping the costs of a long-term failure to grow the economy", along with an ageing population and high levels of historic borrowing.