WIREDGOV

Biggest peacetime squeeze on household disposable incomes since 1921 – updated Cebr forecasts show real household disposable incomes down 2.0% in 2011.

New Cebr forecasts show that 2011 is likely to show a fall in real household disposable incomes of 2.0%. Taken in conjunction with the 0.8% fall now recorded as having taken place in 2010, the new estimates show that the UK is now seeing a bigger fall in real household disposable incomes than in the 1930s and the biggest fall excluding WW2 and the General Strike since 1921.

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