Incomes squeezed more than in previous recessions

Real national and household incomes have been falling due to a combination of the recession and high inflation. So says analysis published today by the Office for National Statistics (ONS) as part of the Measuring National Well-being Programme.

Real national and household incomes have been falling due to a combination of the recession and high inflation. So says analysis published today by the Office for National Statistics (ONS) as part of the Measuring National Well-being Programme.

You won't find the word "stagflation" in the report, but all the ingredients are there as it finds the following:

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