National incomes in the UK fell by more than 13pct this year compared to the start of the recession four years ago, according to a new study Tuesday. The Office for National Statistics (ONS) said national and household incomes had been affected by the recession as well as high levels of inflation. National income per head in the second quarter of the year was 13.2% below its pre-recession level at the start of 2008. Trade Union Congress (the umbrella organisation for unions) general secretary Brendan Barber said: \"An over-reliance on the housing bubble and personal debt exaggerated income growth in the run-up to the recession. Now families have been hit by the biggest squeeze in their living standards in nearly a century. \"That\'s why high quality jobs and a fairer distribution of decent wages must be at the heart of our economic recovery plan. \"A return to business as usual - where those at the top grab an ever-larger slice of a dwindling earnings pie - will simply create another huge bust.\"
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor