Britons are still worse off than in 2008, new research claims
by Phillip Inman from Economics | The Guardian on (#4QJEG)
Thinktank challenges official statistics claiming average citizen is 128 poorer than a decade ago
Britons are 128 a year worse off on average than they were in 2008, according to a report that reveals household incomes were hit harder in the wake of the financial crash than official figures have revealed.
The New Economics Foundation said figures used to calculate GDP, which is adjusted to take account of rising prices, failed to include essential items that affected the cost of living over the last 10 years.
Related: Has the age of austerity really come to an end?
Continue reading...