Tuesday, March 29, 2011

Down and Down

Family incomes after tax and adjusted for inflation fell by 0.8 per cent during 2010, the biggest fall since 1977 and the first reduction for 30 years, the Office for National Statistics (ONS) reported yesterday.

Millions of workers have had their salaries frozen but are paying more for essentials, such as food and fuel. Official forecasts have warned that the squeeze on living standards is likely to last until 2013.

More at TTel

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