Autumn Statement: IFS on UK cost of living statistics
More people are in work than in 2007, but incomes have fallen in real terms over that time as costs have generally risen faster than wages.
Paul Johnson from the Institute for Fiscal Studies (IFS) crunched the statistics about the standard of living in the UK, ahead of the chancellor's Autumn Statement on Thursday.
He headed to the High Street to see what money there might be to help Santa this Christmas and looked at the cost of mortgages, food prices, employment levels, wages and benefits.
05 Dec 2013