New PM faces UK’s worst earnings squeeze for a century, assume tank warns

Britain faces the “terrifying” prospect of the most important squeeze in dwelling requirements for a century, a brand new report has warned.

An “unprecedented two-decade-long wage despair” looms as roaring inflation will wipe out years of anaemic wage progress by the center of subsequent 12 months, the Decision Basis assume tank predicts.

In the meantime, three million extra Britons might be thrust into absolute poverty with out additional authorities intervention to fight rocketing dwelling prices.