Alex Wickham(@alexwickham):The Resolution Foundation says the Bank of England’s forecast that inflation could hit 5% next year means real-terms pay packets will be £670 lower compared to previous forecasts It says the £100 cost-of-living support announced at the budget is “pretty small by comparison”

Alex Wickham

@alexwickham

UK Political Editor for Bloomberg awickham8@bloomberg.net

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Alex Wickham@alexwickham

2026.11.05 14:17

The Resolution Foundation says the Bank of England’s forecast that inflation could hit 5% next year means real-terms pay packets will be £670 lower compared to previous forecasts It says the £100 cost-of-living support announced at the budget is “pretty small by comparison”