NewsBot
01-Sep-22, 12:00
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
New Pm's Term In Office On Course To Be Marked By Deepest Living Standards Squeeze In A Century, And Three Million More People In Absolute Poverty
Real household disposable incomes are on course to fall by 10 per cent over this year and next - the deepest living standards squeeze in a century - while the number of people living in absolute poverty is set to rise by three million, highlighting the scale of the task facing the new Prime Minister when they take office on Monday, according to a new Resolution Foundation report published today (Thursday). The report – In at the deep end: the living standards crisis facing the new Prime Minister – incorporates the Bank of England's latest economic forecasts, as well as the £30 billion of policy support announced since March, to examine prospects for household incomes over the difficult winter ahead, the next two years of the new PM's time in office, and into the second half of the 2020s. [Read Full Article (https://caithness-business.co.uk/article/17634)]
New Pm's Term In Office On Course To Be Marked By Deepest Living Standards Squeeze In A Century, And Three Million More People In Absolute Poverty
Real household disposable incomes are on course to fall by 10 per cent over this year and next - the deepest living standards squeeze in a century - while the number of people living in absolute poverty is set to rise by three million, highlighting the scale of the task facing the new Prime Minister when they take office on Monday, according to a new Resolution Foundation report published today (Thursday). The report – In at the deep end: the living standards crisis facing the new Prime Minister – incorporates the Bank of England's latest economic forecasts, as well as the £30 billion of policy support announced since March, to examine prospects for household incomes over the difficult winter ahead, the next two years of the new PM's time in office, and into the second half of the 2020s. [Read Full Article (https://caithness-business.co.uk/article/17634)]