No sign of living standard recovery

Press Association
Updated
Embargoed to 2230 Thursday January 30File photo dated 02/01/07 of a piggy bank as living standards are unlikely to have recovered to their pre-crash levels by the time of next year's general election, a leading economic think tank has warned. PRESS ASSOCIATION Photo. Issue date: Thursday January 30, 2014. The Institute for Fiscal Studies (IFS) said that while the fall in household incomes has now probably come to a halt, living standards are still

%VIRTUAL-SkimlinksPromo%Living standards are unlikely to have recovered to their pre-crash levels by the time of next year's general election, a leading economic think tank has warned.

The Institute for Fiscal Studies (IFS) said that while the fall in household incomes has now probably come to a halt, living standards are still "dramatically" down on what they were before the global financial crisis hit in 2008.

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