MAKING UK WORSE

Households will be £1900 poorer by 2025 | Disposable income to fall for first time | Hunt's tax cuts favour the richest 20%

- LIZZY BUCHAN

AMID Jeremy Hunt's crowing about cuts to tax and National Insurance, the grim reality yesterday dawned that millions of us will still be worse off.

Analysis showed households already struggling are to be £1900 a year poorer by 2025. Economists also warned this Parliament is on course to be the first where disposable income falls, by 3.1 per cent.

But once again a Tory financial statement benefits the rich.

Research by the Resolution Foundation yesterday found around 40 per cent of the gains from Hunt's tax and benefits measures will go to the wealthiest 20 per cent.

They would gain £1000 on average, while the poorest fifth get a measly £200. On Wednesday, the Chancellor unveiled "the biggest tax cuts since the 1980s".