UK households face second year without improved living standards, says IMF

Growth per head will remain flat this year as the effects of high inflation take time to abate

Britain's households will endure a second year without an improvement in their living standards in 2024 as the effects of high inflation take time to abate, the International Monetary Fund has revealed.

In its flagship World Economic Outlook (WEO), the Washington-based IMF said it was forecasting modest 0.5% UK growth this year - but only as a result of a rising population.