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Rebecca Florisson, principal analyst with the Work Foundation at Lancaster University, warned that living standards have dropped in recent years.

Despite real wages rising by 2.3 percent on the year, the economic impact of the Covid-19 pandemic and the war in the Ukraine has made this the first Parliament since 1955 where living standards have declined.

"The reality is that most people are feeling poorer than when they last voted in the last General Election nearly five years ago."

She pointed out that more than a fifth (22.3 percent) of working age adults are not looking for work, with high levels of economic activity a pressing issue for the next Government.