UK still on track for record hit to living standards: OBR

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 15 (Reuters) - Britain remains on track for a record fall in living standards over the two years to the end of March 2024, despite an upward revision to growth forecasts, the Office for Budget Responsibility (OBR) said on Wednesday. The OBR said that real household disposable income per person was on course to fall by a cumulative 5.7% over 2022/23 and 2023/24, 1.4 percentage points less than it forecast in November but still the biggest two-year drop since records began in 1956/57. (Reporting by David Milliken; editing by William James)

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