By Dave Burke Jeremy Hunt has unleashed a fresh wave of austerity after the Tories presided over an alarming drop in living standards since 2019, experts warn. Overnight analysis of the Chancellor’s Budget reveal already struggling public services will have to make billions of pounds of cuts. Meanwhile by next year, experts found, real disposable income will have fallen by a huge 0.9%. This makes it the first Parliament in modern history to oversee a fall in living standards. The Resolution Foundation found that 78% of personal tax cuts announced by Mr Hunt will benefit the richest half of hou…