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Will the Tories gain from the good news on incomes?

New stats from the IFS might undercut Labour's key line of attack

By Josh Lowe  

Parties are happy to throw money at voters—but do they even notice? © Dominic Lipinski/PA Wire/Press Association Images

We did it! After what the IFS describes in a new briefing note today as a “historically slow recovery in living standards,” the think tank’s data suggests that our income is finally back to the level it was at pre-recession.

More specifically, that’s median household income, which according to the IFS now sits at £461 per week, near where it was in…

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