Claim: The Office for Budget Responsibility has said we are going to have lower living standards as a result of the changes announced in the Budget.
Fact-check: Living standards are still forecast to rise following the Budget—but it's a smaller rise than was expected before - Full Fact
Verdict: real household disposable income —a common measure of living standards—is expected to increase over the next five years, albeit by less than previously forecast.
Organisation: Full Fact
Author: Hannah Smith
Date published: 2024-11-01T00:00:00