Tag Archives: standard of living

UK Expatriate News: Bank of England chief Mervyn King: standard of living to plunge at fastest rate since 1920s

Posted on February 3, 2011 by

Households face the most dramatic squeeze in living standards since the 1920s, the Governor of the Bank of England warned, as he reacted to the shock disclosure that the economy was shrinking again. Families will see their disposable income eaten … Continue reading →

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Britain’s poorest families’ standard of living ‘will continue to fall’

Posted on January 23, 2011 by

About seven million of Britain’s poorest people will see their spending power fall by a tenth over the next decade because the prices of essentials such as food, fuel and clothing are rising much faster than inflation, according to new … Continue reading →

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