According to the report, household incomes are on course to grow just 10% from the start of the 2008 global financial crisis until 2023. (Image: Getty)But household incomes grew by 40% in the 15 years leading up to the last financial crisis. Families on the lowest incomes are facing further financial pressure with the Universal Credit £20-a-week boost set to end next April. "The pandemic is just the latest of three 'once in a lifetime' economic shocks the UK experienced in a little over a decade, following the financial crisis and Brexit," he added. The rise for children and under-25s looks set to be even smaller, and the separate Carer's Allowance looks set to rise by just 34p.

Source: Daily Mirror November 26, 2020 08:58 UTC