The typical household will see its disposable income fall by 2 per cent this year, the equivalent of £780, one of Britain's best-known economists warned today, and will have to wait until 2015 to see its finances recover to the peak seen at the end of 2009.
Roger Bootle, pictured, a former government adviser who now works with Deloitte, the accountancy firm, predicted that 2011 would be the worst year for household finances since 1977 – and added that if interest rates were to rise, British families would not have seen conditions deteriorate so badly since 1952. http://www.independent.co.uk/hei-fi/business/households-face-the-worse-year-for-finances-since-1977-2278203.html
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