Household incomes set to fall by £2,100
UK households are just halfway through a cost of living squeeze that will last two years, according to a new report. The Resolution Foundation think tank says that the average…
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Year-long fall in UK households’ disposable income
The disposable income of UK households has declined for the fourth consecutive quarter, for the first time since records began. Figures from the Office for National Statistics (ONS) show that…
Household incomes expected to remain below pre-pandemic levels for two years
UK households will remain worse off than before the pandemic for another two years, according to the Office for Budget Responsibility (OBR). Charlie Bean, a former Bank of England deputy…
Necessary Family Income Risen 16% Above Inflation
Since the beginning of the recession the earnings the average family needs to maintain a minimum lifestyle has risen 16% above inflation, claims a recent report. The research, recently published…