UK is halfway through squeeze that will cut incomes by £2,000: Report

Britain is half way through a cost-of-living crisis that will leave families £2,100 ($2,488) worse off, the Resolution Foundation said.
 
The squeeze will reduce disposable incomes further falling than in the aftermath of the global financial crisis more than a decade ago, according to the research group’s report released Monday.
 
The findings add to a bleak outlook for UK households after inflation jumped to double digits and borrowing costs spiked.
 
“Britain is only at the mid-point of a two-year income squeeze,” said Lalitha Try, researcher at the Resolution Foundation. “The crisis is already taking its toll on