Worst Decade for Family Incomes on Record: IFS Condemns Healey’s Budget of ‘Unhelpful Fiddling’

Britain is heading for the worst decade of household income growth on record, the Institute for Fiscal Studies has warned, after John Healey’s first Budget offered a £100 energy payment and a raft of small measures while deferring the big decisions on welfare, spending and growth. Business leaders called it a missed opportunity, the Resolution Foundation said support was badly targeted, and the Chancellor’s account of his welfare pledge did not survive the day.