Households face 'dismal' rise in spending power, says IFS
Source: BBC
Households are facing a "truly dismal" increase in their disposable income following the Budget, the Institute for Fiscal Studies (IFS) think tank says.The IFS points to analysis of the government's tax and spending plans by the Office for Budget Responsibility (OBR), which forecast that the average disposable income would grow by "only" 0.5% annually over the next five years.Disposable income measures the amount…
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