Wednesday, 31 October 2012

BBC: "Economic recovery may bypass low and middle earners"

Link to web site

"Millions of poor and middle-income households may be bypassed by any economic recovery, a report for the Resolution Foundation says.

"The Commission on Living Standards argues that their quality of life could stagnate for the next decade, ending no higher in 2020 than they were in 2000.

"... The Commission's members included economists, trade union leaders and employers. Among them were Phil Bentley the managing director of British Gas, Sir Win Bischoff the chairman of Lloyds bank, and Paul Johnson of the Institute for Fiscal Studies."

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