Monday 9 January 2023

New year, renewed squeeze?

The outlook for living standards in 2023 and beyond

Britain’s cost-of-living crisis has been brutal this winter – even with significant government support – as bills rise and real wages fall. Inflation should ease in the year ahead, but government support is also being scaled back and rising interest rates will feed through into higher mortgage costs. The outlook is highly uncertain.

How are families coping with the cost-of-living crisis this winter, and what do they see as the challenges ahead? How are different groups being affected and coping with the squeeze? What comes next in terms of the living standards outlook for this parliament? Is the worst behind or ahead of us? And what difference has, and should, policy make?

The Resolution Foundation is hosting an in-person and online event to debate and answer these questions. Following a presentation of the key highlights from the Foundation’s Living Standards Outlook 2023 – which includes a new survey of 10,000 people’s recent experiences of the crisis, funded by the Health Foundation – we will hear from leading experts on Britain’s living standards challenges.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.