Think tank: Worst decade on record for income growth

ODN

Director of the Institute for Fiscal Studies Helen Miller says "we're looking at the worst decade on record" when it comes to growth in household incomes, and following the Budget, the government has to help households manage in the short-term, as well as drive growth in the longer term.  Report by Keechl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00Living standards sadly for all of us are doing really badly. If you look at the growth in

00:04in households incomes we're basically looking at the worst decade on record. The government

00:10aren't ever going to be able to fix that with giveaways, with temporary household support

00:14packages. The ultimate answer to that is driving up economic growth. So they have a dual challenge

00:21really in the short run to help people make it through but in the medium run get up growth and

00:25get those living standards growing at more normal levels.

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