Standard and Times

A bleak future ahead

If the title above seems ominous to you then beware because the recent study done by Institute of Fiscal studies revealed that approximately three million British children will be living in poverty by 2013. Thanks to the economic crunch and euro-zone crisis the average household incomes are undergoing a fast decline.

Two years of serious downfall in the incomes of middle-income British families have forced about 600,000 families in the category of poor. After the seventies it is the biggest decline in the standard of living of Britain.

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