UK workers face return to 2006 real-term wages in ‘highly challenging’ 2023

PwC predicts increase in divorces, slide in house prices and drop in happiness index

British wages next year will fall back to 2006 levels, while 2023 will also bring a slide in house prices and an increase in divorces, according to a forecast that finds the UK is on course to be a less happy place to live.

The consultancy firm PwC said a look ahead to 2023 showed there were few positive indicators, with most measures of the UK's economic and social performance going into reverse.