Commuter cross Westminster Bridge alongside barriers erected between the pavement and the road, in view of the Elizabeth Tower, also known as Big Ben in London, U.K. (Photographer: Luke MacGregor/Bloomberg)

U.K. Faces Longest Fall in Living Standards on Record

(Bloomberg) -- Britons were warned they are on course for the longest fall in living standards since records began 60 years ago after the U.K.’s fiscal watchdog took the ax to its outlook for econo...

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