Stat of the day: £2,080

How much the average family will be worse off by 2013.

by
Last Updated: 09 Oct 2013
More grim news about our finances: the delayed impact of the recession will apparently mean average incomes suffer their hardest hit in 35 years, a report by the Institute for Fiscal Study has warned.

Thanks to high inflation and flat wage growth, the average family will be £2,080 worse off in 2013 (in real terms) than they were in 2010. And it will take another four years before our earnings match 2009 levels.

With figures today showing unemployment numbers have also risen, don’t expect any cheerful finance news for a while…   

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