Claims extracted
17
sentences that state something as happening or true
Uncertain
0%
0 of 17 hedged
("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
68/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
140
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Household incomes are set for another grim squeeze as taxes and the Middle East crisis add to a lost decade.
asserted
taxes → set → decade
The Treasury's OBR watchdog laid bare the challenges facing Britons over the coming years in its forecasts accompanying the Budget.
asserted
watchdog → lay → Budget
The independent body said it anticipated 'no growth' in real earnings in 2027 and 2028, while the level will only recover to 0.5 per cent a year by 2030 in a central forecast.
asserted
level → say → forecast
That is partly because firms are seen as gradually passing on Labour's national insurance hikes to workers, rather than accepting lower profits.
asserted
firms → see → profits
The picture is also bleak for real household disposable incomes (RHDI) per head, a metric that was explicitly targeted by Keir Starmer.
asserted
that → target → Starmer
It is a measure of what is left after taxes and benefits and the effects of inflation.
asserted
what → leave → inflation
The picture is bleak for real household disposable incomes (RHDI) per head, which was explicitly targeted by Keir Starmer
The OBR said that by 2029-30, its central forecast saw RDHI per person growth over the prior 10 years averaging less than 0.1 per cent annually
The OBR said this year the boosts from wage growth and benefits were being outweighed by 'higher prices and taxes on income and wealth'.
The inflation spike triggered by the Iran war was seen as pushing 'down on real wage growth, but up on nominal wage growth'.
asserted
spike → target → growth
'The latter then weighs on RHDI because frozen income tax thresholds increase the degree to which effective tax rates rise as nominal earnings increase,' the watchdog said.
asserted
watchdog → weigh → which
The OBR said an expected easing of energy prices should spark a partial recovery in RHDI per person, rising an average of 0.75 per cent a year up to 2030-31.
asserted
easing → say → 2030
However, it is still forecast to be worse by then than had been envisaged in March.
asserted
it → forecast → March
The OBR said this was a continuation of the 'historically weak' performance since the 2008 credit crunch.
asserted
this → say → crunch
'This slowed significantly in the aftermath of the financial crisis, due to lower growth in productivity and real wages,' the report said.
asserted
report → slow → productivity
'Growth reached a historic low over the 10 years to 2025-26, averaging just ¼ per cent a year, and we expect it to fall further in the near term.
asserted
it → reach → term
By 2029-30, our central forecast sees growth over the prior 10 years averaging less than 0.1 per cent a year.
asserted
forecast → see → cent
David Miles of the OBR told a briefing: 'It's a pretty grim picture.
asserted
It → tell → briefing
If you go back to just before Covid... (it) is virtually no growth in per person real household disposable income.'
asserted
it → go → income
The independent body said it anticipated 'no growth' in real earnings in 2027 and 2028, while the level will only recover to 0.5 per cent a year by 2030 in a central forecast
The forecasts were produced by the OBR alongside John Healey's (pictured) Budget
asserted
forecasts → say → Budget
The Aporia
