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Austerity policies have made us all £1,495 a year worse off, analysis shows
Jack Peat - 21 February 2019
Austerity policies have resulted in nine years of slower growth and left us all £1,495 a year worse off, analysis by The New Economics Foundation has revealed.
The think tank found the impact of tax and spending changes since the Conservatives came to power had left the economy £100 billion smaller than it would otherwise have been.
As a result, the cumulative effect of tax, public spending and welfare adjustments on growth by the end of the 2018-19 financial year had left the average household £3,629 a year worse off – the equivalent of £1,495 per person... See more
