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“Andy Burnham could face calling a general election at the end of the worst Parliament for living standards in modern times, according to a grim report.”

“That may be defensible in normal times, but after two Budgets in which Labour hiked taxes and with warning signs flashing across the economy, these are far from normal times.”

“He added: 'We won't take risks with people's living standards or with the economy as a whole, so we will take it all into account.' Grant Fitzner, chief economist at the Office for National Statistics, said sharp price rises for petrol and diesel, coupled…”