The OBR forecast a cumulative fall of 7.1% in household disposable income in the UK from 2021-22 to 2023-24.6
Inflation, of course, looms large over all the forecasts produced in Autumn. The OBR expected in November that inflation would have peaked in the fourth quarter of 2022 at 11.1%, revised up significantly from the peak of 8.7% it was expecting in Mar...