Autumn Statement: 'Grim picture' for family finances

Autumn Statement: 'Grim picture' for family finances
 

The outlook for family finances is a "grim picture" with little respite from measures announced in the Autumn Statement, a think tank has said.
The biggest losers between now and 2020 are lower income families, with the poorest third likely to see incomes drop, the Resolution Foundation said.
That could mean the squeeze on living standards could be worse during this Parliament than between 2010 and 2015.
Treasury documents confirm the poorest and the very richest will be hit.
Further analysis will be published later by the independent Institute for Fiscal Studies.
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24 November 2016 in Business, Views: 39
Source: BBC
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