UK faces preferrred descend in residing standards since Fifties

Jeremy Hunt painted a dejected describe of recession and falling residing standards as he launched a 55 billion aggregate of tax rises and spending cuts to stabilise the final public funds.


The authorities’s self sustaining forecaster, the Attach of business for Funds Responsibility, says that disposable family incomes will descend by 7% over the subsequent two years, the preferrred descend in residing standards on legend.

Many of the spending cuts are delayed for 2 years until after the subsequent total election.
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