Office for National Statistics says rise previously reported did not reflect how family incomes had changed in cash termsThe political debate in the UK about living standards has been given a fresh twist by new figures from the Office for National Statistics showing a decline in household incomes final year.
The ONS said that a previously announced 2.5% rise in genuine, inflation-adjusted incomes in 2015 - the biggest increase since 2001 - had been the result of estimates of the non-cash benefits households receive from being owner occupiers. Related: Soaring pensions lift UK living standards to pre-recession levels Continue reading...
Source: theguardian.com