Squeezed Britain 2013
13th February 2013
We now know that the squeeze on living standards will be longer and deeper than projected this time last year. Average wages are not expected to rise in real terms until late 2014 after a period of stagnation and decline. Despite stronger than expected job growth in the private sector, many people continue to work fewer hours than they would like, putting downward pressure on household incomes.
The challenge is how we ensure that the benefits of future growth are fairly shared.
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