Reacting to official figures showing a huge drop in household incomes, the TUC said that an over-reliance on the housing bubble and personal debt exaggerated income growth in the run up to the recession. High-quality jobs and a fairer distribution of decent wages needed to be at the heart of a plan for economic recovery.
Meanwhile, last month's inflation figures - showing CPI falling to 2.2 per cent and RPI falling to 2.6 per cent in September - would not make up for sluggish wage growth, the TUC said in response. Although the fall in inflation was welcome, the latest data had to be seen in the context of continuing real wage reductions, meaning families continued to get poorer.
More on household incomes @
http://www.tuc.org.uk/economy/tuc-21556-f0.cfm
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