Families '£910 worse off this year', says CEBR report

[Viva_La_Revolution]

Source: BBC

The average family will be £910 worse off this year as they face the biggest peace-time squeeze on their finances since 1921, according to a report.

Rising household bills mean spending power will be significantly less than two years ago, the Centre for Economic and Business Research said.

The consultancy estimates that disposable incomes will fall 2% in 2011, following a 0.8% drop in 2010.

Only the two world wars had bigger impacts on spending, the CEBR said.

Read more: http://www.bbc.co.uk/news/business-13029870?utm_source=twitterfeed&utm_medium=twitter

[xchrom]

1. recommend

[onehandle]

2. Also, they have a new Thatcher disguised as a charismatic young-ish family man.

They're cutting services and spending and their economy is tanking.

And now our teabagger run nation is doing the same.

[grahamhgreen]

3. It's WWIII. Rich vs Everybody else.

[n2doc]

4. When the rich steal elections

everyone else suffers.

[dipsydoodle]

5. Its mainly attributable to New Labour's antics

during the preceding 13 years.