“Record employment in the economy is welcome and work has to be the best route out of poverty. But we know employment alone will not always help people reach a decent standard of living.
“Our analysis today shows four million more people over the last six years have fallen below a decent leaving standard, meaning they are struggling to make ends meet.
“Tackling the high cost of living is crucial to helping just managing families, particularly with a challenging outlook: inflation is likely to average 2.6% this year, in sharp contrast to the very low inflation of recent times.
“Government focus on modest incomes is welcome, but there is a fine margin between just managing today and poverty tomorrow.”