Poorest ‘hit hard by recession’, says BBC-IFS study

Pensioners and the poorest households are amongst those that have been the worst hit by the recession, according to a study by the Institute for Fiscal Studies (IFS) and the BBC.

Across the board, real incomes in the UK fell by 1.6% a year between 2008 and 2011.  The study found that incomes have fallen because of loss of employment during the recession, lower interest earnings on savings and low wage inflation relative to price inflation.

Read the full article at bbc.co.uk

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