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UK living standards hit by rising prices and weak wage growth

By July 17, 2019National News

From the Guardian

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.

In the past 40 years, the thinktank said, only the recession of the early 1980s and the slump during and after the financial crisis had brought a weaker performance.

You can read the rest of the Guardian’s article here

You can read more on the key points of the report, and download a copy, from the Resolution Foundation website

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