The government’s official, independent forecasters – the Office for Budget Responsibility – said that real incomes for everyone would typically rise very slowly in the coming years. Household income rises, after taking into account inflation and changes in tax will be no higher than 1.5% a year for each year up to and including 2026.
“For the wider world, it’s simple. The price of wheat will continue to rise, the price of corn and...
The company has not had any meaningful contact with UK government departments over the plan, which seems strange, given...
“We’ve seen from other industries which have gone through recessions, construction for example, that if you have a period...
“The Bank’s overly tight monetary stance is pushing mortgage lending down, companies are struggling to repay debt, insolvencies are...
To calculate the annual change in real terms, we adjusted April 2022 earnings to what they would have been...
Media playback is unsupported on your device Media caption“I think it is going to be a tough winter” The...
As well as looking at ONS figures, the Foundation pointed to Department of Work and Pension (DWP) figures showing...
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