LONDON, March 4 (Xinhua) -- Living standards in Britain are expected to see a modest improvement this year, particularly in lower-income households, but the gains could be fragile as rising energy prices following the Middle East tensions risk reigniting cost-of-living pressures, according to a report from think tank the Resolution Foundation.
The Resolution Foundation's analysis, based on the latest Spring Forecast from the Office for Budget Responsibility (OBR), suggests that living standards for typical working-age households will rise 0.9 percent, or about 300 pounds (about 401 U.S. dollars), between the 2025-26 and 2026-27 fiscal years.
