Thread: Chancellor delivers plan for stability, growth and public services
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Old 18-11-2022, 10:33   #32
1andrew1
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Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Paul View Post
Taking incomes down to 2013 levels ?
Dont really understand what that means ?
My income will still be higher than 9 years ago.
[ My expenditure will be higher though ]
Someone raised a similar point at a Sky News Q&A.
Quote:
Can you explain how the 7% fall in disposable income talked about is made up?

Ian King, business presenter:

In a word, inflation. Rising prices.

As the OBR put it: "On a fiscal year basis, Real Household Disposable Income per person (a measure of living standards) falls by 4.3% in 2022-23, which would be the largest since ONS records began in 1956-57.

"That is followed by the second largest fall in 2023-24 at 2.8%."
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