Households in Glasgow will be almost £2000 worse off this time next year than they were before the covid pandemic according to independent research.

The Resolution Foundation, an economic think tank, said rising energy and food costs are leading to a “stagnation in disposable income”.

The foundation predicts a zero growth in household income over the next three years leading to an increase in poverty and absolute child poverty predicted to hit record levels.

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The analysis also found hundreds of thousands of households in the Glasgow area are cutting back on essentials as the region is one of the worst affected by the cost of living.

The research has been analysed by Glasgow City Region’s Intelligence Hub

It stated the Resolution Foundation estimated the greater Glasgow area experienced 11.4% inflation last year, the second highest in the UK.

It has led to more people being unable to heat their homes as they were previously able to and more people using credit to pay for essentials.

It is estimated around 300,000 households in the region are projected to cut spending on essentials, almost 200,000 won’t be able to warm their homes to the level they did before, and around 100,000 will be reliant on some form of credit to pay for their bills.

The inflation figure for Glasgow was second only to Burnley in north west England at 11.8% and higher than  Liverpool 10.7%, Manchester, 10.5%, Cardiff, 10.3% Edinburgh, 10.2% and London 9.4%

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Kevin Rush, director of regional economic growth at the council, said in a report: “Evidence from the Resolution Foundation (RF) has previously shown that individuals with relatively low levels of earnings are disproportionately affected by increases in the price of essential goods - such as energy.

“Less energy-efficient heating systems and poorer housing conditions contribute to these individuals spending a higher proportion of their income on energy than those earning the median-wage or above.”