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UK personal incomes worse than a decade ago, think tank reveals

Business | Mar 14, 2018 19:46
A decade of economic growth in Britain since 2008 have been worse than any comparable period coming out of any recession since the 1920s, the head of a UK think tanks said today in responding to initiatives and projections in the chancellor's spring statement.
Paul Johnson, director of the Institute of Financial Studies, says the economy is 14 percent smaller than might reasonably have been expected in 2008 based on pre-crisis trends, while national income per person is £5,900 lower compared to the same benchmark. Astonishingly, median earnings remain below their 2008 level, he says.


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