The average British family will be £5,000 a year poorer by 2022 than it would have been if the 2008 financial crisis hadn't happened.
And that forecast by the Institute for Fiscal Studies - which comes less than a week before the Budget - suggests low income families with children will fare worst of all.
The Liberal Democrat Treasury spokesperson Baroness Kramer gives her reaction to the report and looks ahead to the Budget.
SUBSCRIBE to our YouTube channel for more videos: [ Ссылка ]
Follow us on Twitter: [ Ссылка ] and [ Ссылка ]
Like us on Facebook: [ Ссылка ]
For more content go to [ Ссылка ] and download our apps:
iPad [ Ссылка ]
iPhone [ Ссылка ]
Android [ Ссылка ]
