Published: Dec 04, 2023, 05:05 IST | Updated: Dec 04, 2023, 05:05 IST
The UK is grappling with a prolonged economic downturn, as highlighted by a recent study from the resolution foundation and the London School of Economics (L.S.E). The report reveals a stark reality: fifteen years of economic stagnation have left the average UK household £8,300 ($10,550) poorer compared to counterparts in nations like France and Germany.