he National Institute of Economic and Social Research (NIESR).
It predicts the UK will fall into recession this year.
NIESR warned that the decision not to scrap a planned rise in National Insurance tax - are hitting the poorest households hardest.
The think tank predicted that inflation would average 7.8% in 2022 and will remain above 3% until 2024. Meanwhile, government policies are set to lower the real incomes of households in the UK, according to NIESR. It forecast a real income decline of 2.4% in 2022, accompanied by a rise in unemployment next year.