Pensioners have enjoyed a substantial rise in income since the financial crisis but young people have suffered a drop, according to the Institute for Fiscal Studies.
The BBC reports that pensioners are now the least likely group to be in income poverty. The IFS study also said that living standards were likely to get worse because of the UK vote to leave the EU. On average, incomes rose by 2 per cent in real terms between 2007/08 and 2014/15, according to the IFS. However, that figure concealed very different experiences for different generations including: incomes for those aged over 60 rose by 11 per cent over the period, when measured before housing costs, and those aged 31 to 59 have had no change in incomes. But incomes for those aged 22 to 30 have fallen by 7 per cent. BroadbandBT has been told it must ‘put it house in order’ by MPs who have accused the firm of ‘significantly under investing’ in its network infrastructure.
Its Openreach subsidiary provides BT’s rivals with access to its broadband network. The
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