UK Faces Worst Decade for Living Standards Growth, Says Thinktank The UK is set to experience the worst decade for living standards growth in over half a century, according to a report by the Resolution Foundation. The thinktank warns that the 2020s will be the worst decade for rising living standards since the 1950s. This prediction comes as the Institute for Fiscal Studies (IFS) head, Helen Miller, stated that no amount of temporary cost of living packages announced in the Budget will fix the issue of household income growth. The Office for Budget Responsibility (OBR) has also painted a grim picture of the country's economic outlook, with Chancellor John Healey acknowledging that the government cannot completely remove the cost of living pressures that people feel. Healey's Budget aimed to provide a more realistic route to getting on the property ladder for young people, but experts warn that it does not solve the overall housing affordability issue. The Resolution Foundation's warning highlights the challenges faced by the UK in addressing the cost of living crisis. The thinktank's prediction is based on data showing that household income growth has been stagnant, with many people struggling to make ends meet. The situation is further complicated by high house prices, rising living costs, and wages that often fail to keep pace. The government's efforts to address the cost of living crisis will be closely watched in the coming months, as the UK faces a difficult economic outlook. The Resolution Foundation's warning serves as a reminder of the need for sustained and effective policies to address the root causes of the crisis and improve living standards for all.