Families '£910 worse off this year', says CEBR report

http://www.bbc.co.uk/news/business-13029870

The average family will be £910 worse off this year as they face the biggest peace-time squeeze on their finances since 1921, according to a report.
Rising household bills mean spending power will be significantly less than two years ago, the Centre for Economic and Business Research said.
The consultancy estimates that disposable incomes will fall 2% in 2011, following a 0.8% drop in 2010.

Finally some sort of figure.It is bad but not so bad.

[Gary L]

£17.50 a week less and petrol going up every other day. it should be bad.

how bad was you expecting?

[Ignitionnet]

Wish our disposable income had only fallen by 2% and we were only down 910 quid.

Oh sorry I forgot I'm apparently loaded, should pay far more tax to avoid cuts and bathe in champagne. At this rate I'll only be able to afford Cava soon!

[Gary L]

Originally Posted by Ignitionnet

Oh sorry I forgot I'm apparently loaded, should pay far more tax to avoid cuts and bathe in champagne. At this rate I'll only be able to afford Cava soon!

Have you thought about making a donation instead? that might help us all out a bit.

i think it will be more ,i think those figures are under estimated .I will have a better idea of how better/worse off i will be in the middle of the week when i have finished doing my tax return and i will be able to compare with the last 3 yrs figures .A quick glance at the figures shows turnover about the same but profit has dramatically reduced

[Chrysalis]

its not rocket science. any tax cuts are pale compared to inflationary costs. In my opinion inflation should be the upmost priority, even if it means a housing price crash (which I see as a correction). Until living costs go down or at least stabilise we wont feel any richer.