COST-OF-LIVING CRISIS
CONSUMERS' spending power could take at least five years to recover to pre-pandemic levels, the boss of the Government's tax and spending watchdog says.
He said: “I think we’re seeing clearly the biggest squeeze on living standards we’ve faced in this country on record."
“But we do expect, as we get past this year and we go into the next three or four years, that real income starts to recover."
“But it’s still the case that people’s real spending power doesn’t get back to the level it was before the pandemic even after five years, even by the time we get to the late 2020s.”
This story is from the March 27, 2023 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 27, 2023 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Pain of last season has brought us together
SAKA FEELS TITLE COLLAPSE MADE GUNNERS STRONGER
HARVEY ALL BANGER
Elliott aiming for explosive finish to Klopp's reign
We'll carry on abroad...trip was good
MCCALL STILL POSITIVE AFTER BILLY'S ARREST
MY ROCKY ROAD TO THE TOP
Wilson is king of the world, but he nearly threw towel in
Kids given music investment to tune of £101m
EVERY child will get the chance to learn to sing, play an instrument and make music with classmates as part of a £101million investment plan.
“Our loved ones were test subjects for infected blood”
FAMILIES who lost loved ones in the contaminated blood scandal claim their relatives were \"used for research\".
Autism expert's report excluded from inquest into death of Caitlyn
EVIDENCE from a leading expert was excluded from the inquest of an autistic girl after an NHS trust and her school opposed it.
Isle of Man closer to giving patients the option
THE Isle of Man yesterday moved a step closer to passing a law allowing assisted dying for terminally ill residents.
'Where was the compassion Dad deserved?'
TOO many people are not shown kindness and compassion at the end of their lives, the daughter of a Second World War veteran has said.
Putin sworn in as president for the fifth term
VLADIMIR Putin was inaugurated for another six-year term as president - after fixing the rules to allow him to do so.