Average household income in 2014–15 is at around the same level as it was in 2007–08 - but still more than two per cent lower than in the peak years of 2009–10, according to IFS figures.
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In a major new programme of work researchers at the ESRC-funded Institute for Fiscal Studies are analysing the implications of the different parties' fiscal policies and what happened over this parliament.
A report published today by the ESRC-funded Institute for Fiscal Studies argues that the 'Barnett formula' is flawed - protecting Scotland and Northern Ireland from hundreds of millions of cuts.
Most couples who have retired over the last decade have enough wealth to maintain their previous standard of living, according to IFS findings.
The ESRC-funded report Virtuous Banking, published by the independent think tank ResPublica, argues that legal reforms alone will not save bankers from repeating past mistakes, and sets out ten recommendations to improve the sector.