families spend more than they earn for first time in 30 year

[Guest]

Households in Britain are spending more each month than they are receiving in income for the first time in 30 years, new figures have shown.

The Office for National Statistics (ONS) found families spent or invested around £900 more than they made in 2017, amounting to almost £25bn.

The figures mean outgoings have surpassed income for the first time since 1988, when the shortfall was significantly lower at just £0.3bn.

Shadow Chancellor John McDonnell said the findings showed "the disastrous impact of eight years of austerity on the living standards of families".

https://www.politicshome.com/news/uk/ec ... earn-first

Tory Scum Out!

[Punk]

Households in Britain are spending more each month than they are receiving in income for the first time in 30 years, new figures have shown.

The Office for National Statistics (ONS) found families spent or invested around £900 more than they made in 2017, amounting to almost £25bn.

The figures mean outgoings have surpassed income for the first time since 1988, when the shortfall was significantly lower at just £0.3bn.

Shadow Chancellor John McDonnell said the findings showed "the disastrous impact of eight years of austerity on the living standards of families".

https://www.politicshome.com/news/uk/ec ... earn-first

Tory Scum Out!

I had to laugh at some Conservative MPs on Social Media trumpeting the very long awaited pay cut (real terms), the replies were priceless and humiliated some of the morons who posted what a wonderful job they were doing.