Property News · February 5, 2017

Rising incomes mean nothing if prices rise even faster | Letters


Good economic news distorts the truth about household wealthAs with so many pieces about levels of inequality (“If all the economic figures are so good, why do we feel so bad?”, Comment), Torsten Bell concentrates too much on income levels.The modern-day measuring of those in work (as opposed to those on the register looking for it) is a recent Tory ploy to distort the historical picture. Before Mrs Thatcher, many middle-class couples existed on one income, the women not working or only going back when their children were older, while many working-class women put in five half-days a week. Rents were controlled, public transport was cheap and plentiful and work was more secure, with the employer shouldering more of the national insurance costs. Continue reading…

Source : theguardian.com
Read more…Rising incomes mean nothing if prices rise even faster | Letters

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