THE knock-on effects of the Covid-19 pandemic and a Tory Brexit could see Britain’s households £1,000 worse off next year, a leading think tank warned today. 

Earnings will be weighed down by inflation next year, a cut in benefits and a rise in National Insurance, the Resolution Foundation report warned.

The Uncertainty Principle report examines Britain’s economic outlook as Chancellor Rishi Sunak prepares to deliver his Budget and spending review next Wednesday.