Latest video release related to queen elizabeth,luther vandross,apple,chelsea vs brighton,eastenders,jim steinman,tom cruise,wimbledon,anne robinson,elephant and castle,croatia vs spain,tiafoe,basilashvili,,ewan mcgregor,peter mcgarry,cardi b,memphis depay,sharon stone,finance. Watch this “Inflation bites: why living standards are set for largest drop since 1950s” video below:

Sky News’ Economics and Data Editor Ed Conway takes a closer look at how disposable incomes have changed since 1956.

His analysis shows that inflation has surged to 7.4%, a number “not seen in a generation”.

There were some ‘giveaways’, but nothing to compensate people for the wider fall in disposable incomes across the country.

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