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Labour could oversee worst parliament on record for living standards, study warns

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 07/10/2026, 16:35:25 UTC.

Briefings

A thinktank analysis warns that soaring energy and housing costs could lead to the worst living standards parliament in modern history, with Labour potentially facing a dire outlook before the upcoming budget. The study highlights that without bold policy intervention, the decline in living standards is projected to be significant and unprecedented.

Key points

• The Joseph Rowntree Foundation analyzed that energy and housing costs are threatening the biggest decline in modern times, suggesting Labour faces a dire outlook before the budget.
• The analysis indicates that without bold policy action, the decline in living standards is projected to be significant and unprecedented.

Context and limitations

The analysis is a three-week forecast ahead of the budget, and the specific magnitude of the decline remains uncertain without further data.

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