EzEconomics News - "the cost of living crisis"
The publication of the UK Labour Market Report last week re-energised the "cost of living crisis" debate. The report highlighted that for the first time in 5 years the annual rate of growth in earnings was higher than annual rate of growth in prices. This indicates that the economy might be returning to normality with purchasing power increasing rather than reducing as it has for the last 5 years.
This week's EzyEconomics News takes a look at the relationship between earnings and prices and why this will be a key political issue in the run up to the general election next year.