The article highlights a forecast by the Joseph Rowntree Foundation indicating a decline in living standards for UK families by 2030, with the lowest-income households facing the harshest penalties. This warning comes as Chancellor Rachel Reeves prepares to announce spending cuts, raising concerns that a focus on fiscal discipline could overlook the financial struggles of ordinary citizens. It suggests that Sir Keir Starmer may struggle to achieve his goal of improving living standards, marking a potential failure just months into his tenure as leader.
"Average living standards could fall for all UK families by 2030, with those on the lowest incomes hit twice as hard as middle and high-earners..."
"While much discussion has focused on whether Ms Reeves will meet her iron-clad fiscal rules... the JRF warned a preoccupation with the public purse risks a deterioration in the finances of ordinary families..."
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