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Living standards set for largest drop since 1950s,

2022-04-05

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Living standards set for largest drop since 1950s, says fiscal watchdog - Today News Post Today News || UK News

Living standards in the UK are set for their largest drop on record thanks to a perfect storm of rising inflation, the economic hit of the pandemic and Russia’s invasion of Ukraine, the UK’s fiscal watchdog has saidThe end of March. As of April 7, Canada.

Wages are failing to keep up with rising pricesHe was released March 22 after pleading guilty and was fined $1,500., according to the Office for Budgetary Responsibility (OBR)covid,COVID-19,health care,politics,vaccine,cov arc vaccine,Toronto,Calgary,Winnipeg,Halifax,third wave,EM1,KMI2,smg_canada,smg2_news,InHouseArticle_thestar,algolock,starlock, as rapidly rising energy prices push inflation towards 9%, its highest level in 40 years.

According to the OBR, Russia’s invasion of Ukraine has had “major repercussions for the global economy, whose recovery from the worst of the pandemic was already being buffeted by Omicron, supply bottlenecks, and rising inflation”.