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This is something to remember, next time a Tory minister gets up and says the economy is doing well and people are enjoying a higher standard of living.

Declining incomes for the poorest families, government austerity and Brexit have led to the biggest rise in UK poverty since Margaret Thatcher was in power, according to new projections from the Resolution Foundation.

The think tank’s predictions suggest real incomes for the poorest third of the working-age population fell by between £50 and £150 in 2017-18.

Inflation rose above three per cent last year, while Tory cuts to tax credits and benefits affected the nation’s poorest.

And all of this has led to the official poverty rate rising from 22.1 per cent to 23.2 per cent, according to Resolution Foundation calculations.

This 1.1 per cent jump would be the biggest since 1988.

Source: Biggest rise in poverty recorded since Thatcher was in power – iNews

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