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Income stats: has Osborne done it?

It looks as though this recovery has come just in time for the Government

By George Magnus  

What sort of politics is George Osborne crafting? © Ben Birchall/PA Wire

The highly regarded Institute of Fiscal Studies (IFS) has just published a report, Living standards: recent trends and future challenges, which is already adding some spice to the economic debate in the forthcoming General Election. According to the report, real (inflation-adjusted) median household income in 2014-15 is estimated to have risen by 1.1 per cent, taking it back to where it…

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