Disposable income to drop by 7% over next two years in ‘staggering’ fall

Disposable income to drop by 7% over next two years in ‘staggering’ fall

This means British incomes have gone back to the same levels they were at in 2013 (Picture: iStock)
People’s real household disposable income is set to fall by more than 7% over the next two years.
This is the biggest fall on record, taking British incomes down to the same level as they were in 2013.
Director of the Institute for Fiscal Studies (IFS), Paul Johnson, called the drop in money Brits…

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