LONDON: UK living standards rose at their slowest pace since 2012 in the past year, with the post-crisis recovery in incomes going into reverse for the poorest 30% of families, according to the Resolution Foundation.

Typical disposable incomes after housing costs rose just 0.9%, held back by the pound-induced surge in inflation following the 2016 Brexit referendum, the London-based think tank estimated in a report.

Poorer households were also victims of welfare cuts and saw their incomes decline by 0.3%.

The foundation estimated the loss to poorer families at as much as £150 a year as higher wages and lower taxes were not enough to offset cuts to tax credits and child benefit.

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