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UK living standards hit by rising prices and weak wage growth

Resolution Foundation says households suffering worse than 1990s recession

Britain’s weak wage growth and rising prices have delivered a hit to living standards of a severity normally only seen during a deep recession, a leading thinktank has said.

While official data has shown a pick-up in real earnings growth in recent months, the Resolution Foundation said household incomes had declined by 0.5% in the period from 2016-17 to 2018-19.

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from The Guardian https://www.theguardian.com/business/2019/jul/17/uk-living-standards-hit-by-rising-prices-and-weak-wage-growth
via TV In Wigan

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