UK Business

Three charts that explain why falling living standards could deepen the UK's north-south divide

Written by Tolu Olarewaju, Economist and Lecturer in Management, Keele University

Living standards are set to fall by 7% in the UK over the next two years, according to the Office for Budget Responsibility (OBR) – the government’s independent economic forecaster – but some areas will be hit harder than others.

Generally, when living standards fall it means people can afford fewer (or...

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