From income to home ownership and public services, everybody is disgruntled – but for different reasons

The British economy has endured a series of setbacks in recent years: austerity, Brexit, the global pandemic, soaring energy prices and an increasingly fractured and uncertain world. The early optimism that accompanied Labour’s election victory faded quickly, with a recent poll ranking Rachel Reeves as the worst chancellor in modern history.

But is this fair? Is the economy really in as bad a shape as people feel?

Jonathan Swarbrick is a lecturer in economics at the University of St Andrews Business School