Claims extracted
26
sentences that state something as happening or true
Uncertain
12%
3 of 26 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
Families face getting poorer over the next two years as they are squeezed by the rising cost of living and higher taxes according to ‘grim’ Budget forecasts.
uncertain
they → face → forecasts
In a blow to Andy Burnham’s pledge to deliver ‘breathing space’, the Office for Budget Responsibility (OBR) said living standards would shrink as soaring energy prices bite.
asserted
prices → deliver → Responsibility
At the same time, it expects Britain’s tax burden to soar to a record 37.9 per cent of gross domestic product (GDP) by next year before peaking at 38.6 per cent.
asserted
burden → expect → cent
It adds up to a prediction that by 2030, households will barely be any better off than a decade earlier.
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households → add → 2030
Even the Resolution Foundation, Labour’s favourite think-tank, said the outlook for family living standards, was ‘dire’.
asserted
outlook → say → standards
Burnham's 'breathing space' is not enough to reverse a downward trend for living standards
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space → breathe → standards
The dismal outlook came as the OBR also sharply downgraded its outlook for GDP growth next year, with gross domestic product (GDP) set to rise by just 1 per cent, down from 1.6 per cent.
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product → come → cent
Its figures pour cold water on Mr Burnham’s promise to revive prosperity and deliver ‘growth in every postcode’.
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figures → pour → postcode
Chancellor John Healey trumpeted the better than expected performance of GDP so far this year as the growth outlook for 2026 was upgraded from 1.1 per cent to 1.2 per cent.
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outlook → trumpet → cent
But the OBR expects the impact of higher fuel and energy prices caused by the Iran war - already squeezing consumers – to come through in full next year as the pain worsens.
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pain → expect → consumers
The watchdog downgraded its forecast for real household disposable income per head – a measure of household spending power after accounting for taxes and inflation.
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watchdog → downgrade → taxes
OBR chief Jonathan Haskel said by that measure, living standards ‘took quite a beating during the pandemic years’.
asserted
standards → say → years
Its previous forecast in March this year pointed to a recovery – before the impact of the war took hold.
‘We’ve changed that forecast to show a dip for the next couple of years,’ Mr Haskel said.
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Haskel → point → years
The OBR said the fall is caused by subdued wages as well as the freeze on income tax thresholds which is dragging many more people into paying higher rates, the OBR said.
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OBR → say → rates
It adds to an extended period of flatlining living standards since the Covid pandemic.
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It → add → pandemic
Over the decade from 2020, living standards are expected to have grown by just 1 per cent.
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standards → expect → cent
OBR economist David Miles said: ‘It’s a pretty grim picture.’
asserted
It → say → ?
He said that since Covid there had been ‘virtually no growth in per person real household disposable income’ adding ‘that’s pretty unusual in the history of the UK’.
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that → say → UK
Miles added: ‘It’s to quite a substantial extent just a reflection of very big increases in energy prices which is very hard for the UK to avoid – we’re a very big importer of energy.
asserted
we → add → energy
‘If we take a ten year period starting just before Covid… we may be 1 per cent higher… that’s negligible growth every year.
uncertain
that → take → Covid
‘There’s one final reason… revenues are going to rise faster than GDP – the tax take which has risen by a fair amount just carries on, on that trajectory.’
asserted
which → ’ → trajectory
The Resolution Foundation said: ‘The OBR forecast shows that Britain is in the midst of a living standards crunch.’
Real household disposable income per person is now £420 lower than two years ago, the think-tank said, and would not recover to this level for two more year.
‘As a result, the medium-term prospect for family living standards is dire,’ it added.
asserted
it → say → standards
It means this Parliament will be the second worst for living standards since the 1950s – only beaten by the last one.
asserted
Parliament → mean → one
If you take out a product This is Money may earn a commission.
uncertain
This → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
asserted
they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
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