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Continuing Pressure on Living Standards
05/09/2011
It has been recently reported that the remarks made by Sir Mervyn King, Governor of The Bank of England, which warned that living standards would continue to be squeezed, will last into next year. Official figures are expected to show that earnings will continue to lag behind prices and due to the high levels of inflation consumer income will continue to fall.
The claimant count measure of unemployment rose by 24,500 in May, to reach 1.52 million. The wider labour force survey measure fell by 26,000 in the three months to May compared with the previous three months and stands at 2.45 million.
Homeowners aged over 55 years who are concerned about their living standards and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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