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spending watchdog predicts the biggest drop in living standards since records began. here is caroline davies. prices are going up, the economy is shrinking and living standards are falling by the largest amount in 70 years. i falling by the largest amount in 70 ears. ., �* ~ , ., ., years. i don't think they are doing a ureat years. i don't think they are doing a great deal _ years. i don't think they are doing a great deal for _ years. i don't think they are doing a great deal for the _ years. i don't think they are doing a great deal for the general - years. i don't think they are doing l a great deal for the general people, the working man, to be quite honest. i mean, you know, it is keep the rich richer and the poor poorer. what is the answer from the government to have the country? in yesterday's autumn statement the chancellor announced some things will be going up. in april, the state pension means tested and disability benefits will all go up by 10.1%. disability benefits will all go up by 10.i%. the disability benefits will all go up by10.i%. the minimum disability benefits will all go up by 10.i%. the minimum wage for over 23 years old will also increase to £10.42 an hour. and the energy cap will be extended for another year, although it won't be as generous. people are weighing up what that means for them. i’m people are weighing up what that means for them.— people are weighing up what that means for them. i'm quite pleased, as ou means for them. i'm quite pleased, as you would _ means for them. i'm quite pleased,