A day after the Chancellor set out tax rises and spending cuts amid a grim set of economic forecasts, Bloomberg's Yuan Potts and Caroline Hepker speak to Lindsay Judge from the Resolution Foundation about what they're calling an unprecedented collapse in living standards. Despite the overall gloom, she tells us Jeremy Hunt's inflation uprating of pensions and benefits is welcome. Shadow Chancellor Rachel Reeves says ordinary working people are paying the price for the government's decisions. Plus: reaction from the Federation of Small Businesses, the TUC and think tank Onward.