nick venedi

Tuesday 29 January 2013

Living standards: squeezed further

 

Inflation figures published in December - showing that CPI remained at 2.7 per cent and RPI fell marginally to 3 per cent in November - indicated the continuing pressure on people's living standards, the TUC said.
With the Office for Budget Responsibility not expecting real wage growth until 2014 and further cuts to in-work benefits due in April, 2013 looked like another tough year for working families, the TUC suggested.
Earlier in the month, the TUC reacted with anger to Eurostat figures showing that UK living standards dropped from fourth to sixth highest in Europe during 2011.
TUC on inflation figures @
http://www.tuc.org.uk/economy/tuc-21778-f0.cfm

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