someone who was the heart of the Treasury during the biggest fall in living standards on record.

Real household disposable income per person fell 4.3% in 2022-23 — the largest single-year fall since ONS records began in 1956-57 — under the previous Conservative government, followed by the second-largest fall (2.8%) in 2023-24, per the OBR.

▸ Office for Budget Responsibility (OBR) — Developments in the outlook for household living standards

Checked Wed 1 Jul, 09:58 · Broadcast: PMQs: Prime Minister's Questions - 17 June 2026

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