Living standards

Institute of fiscal studies

According to figures from the Institute of Fiscal Studies, the average family in Britain will have less disposable income this year, in real terms, than has been the case for 30 years and this apparently equates to losing £1,000.00 of buying power ion the last year. The average family is based on a couple with 2 children. The predicament is the result of a “perfect storm” of high bills, static wages, National Insurance increases and VAT increases. Just to cheer us all up further, it’s set to get worse !.

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