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UK Families Face Historic Living Standards Decline Amid Economic Woes

2/10/2026

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Summary

Story summary

A Resolution Foundation report shows millions of UK families face a historic decline in living standards.
Lower-income households are experiencing stagnant incomes and rising in-work poverty.
Keir Starmer (U.K. Prime Minister) leads the Labour government and proposes targeted discounts on energy bills to address the cost of living.
However, the government faces declining popularity as the economy remains voters’ top concern.

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Story summary

A Resolution Foundation report shows millions of UK families face a historic decline in living standards.
Lower-income households are experiencing stagnant incomes and rising in-work poverty.
Keir Starmer (U.K. Prime Minister) leads the Labour government and proposes targeted discounts on energy bills to address the cost of living.
However, the government faces declining popularity as the economy remains voters’ top concern.