The Guardian reports that real disposable income per head fell 2% in first quarter of 2017 from year earlier, the steepest decline since end of 2011.

Source: UK faces tightest squeeze on household incomes for five years | Business | The Guardian

Finally, people are focused on the evidence as it’s hitting them in their pocket. The evidence will always prevail in a democratic country and populism will be discredited.

But really this is just the tip of the iceburg. With a hard-Brexit jobs will disappear and the UK will suffer years of lost growth, as well as inflationary pressures from lower Sterling levels.

The public sector are dreaming if they listen to the ‘Pied Piper of Islington’ promising pay increases. The UK will suffer years of erosion in national growth post Brexit – this can only be financed by borrowing (that’s already sky high), further cuts to public services or massive tax increases.

Thoughts?

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