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Thread: UK facing longest fall in living standards for over 60 years, finds think tank

  1. #1
    Join Date
    Aug 2013
    Posts
    253

    Default UK facing longest fall in living standards for over 60 years, finds think tank

    http://www.independent.co.uk/news/uk...-a8071146.html

    I wonder if many will notice this as we have a sort of bad news inflation going on in between all the disinfo and fake news . Anyhow '

    'It added that the poorest third of households are set for an average loss of £715 a year by the end of the parliament, while the richest third gain an average of £185.' ..
    - My take; For people on social welfare or minimum wage or black economy £715 a year (and that's just the predicted average) would be disastrous (on top of an already grim situation)

    Guess what, the Guardian had the story 10 days ago https://www.theguardian.com/business...undation-warns

  2. #2
    Join Date
    Aug 2013
    Posts
    253

    Default Re: UK facing longest fall in living standards for over 60 years, finds think tank

    Ex Labour party and union heads so I would take it seriously http://www.resolutionfoundation.org/about-us/mission/

    They have even criticised Labour for being too cautious in their manifesto. Labour responding;
    ' ..However, Debbie Abrahams, the shadow work and pensions secretary, said Labour’s spending plans included £20bn over the next parliament to reverse Tory cuts to social security. She added that the party was committed “to ending the benefits freeze at the earliest opportunity”. .. ' https://www.theguardian.com/politics...ion-foundation
    Yikes!

  3. #3
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,653

    Default Re: UK facing longest fall in living standards for over 60 years, finds think tank

    France recently overtook the UK as the 5th largest economy. Both UK and France will soon be overtaken by India. California is currently neck n neck with the UK.
    As a general rule the most successful man in life is the man who has the best information.

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