TGS for Britain

Britons will be worse off in 2015 than they were in 2002 as the nation grapples with a severe squeeze on living standards, the Institute for Fiscal Studies said on Wednesday.

Slow income growth before the downturn, the depth of the recession and the sluggishness of the recovery have combined to create easily the longest period of stagnation in real incomes since records began in 1961.

That is from the FT, via Michael Rosenwald.


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