Are you on a treadmill to nowhere, working harder and harder, but standing still? Then you are probably part of Britain’s squeezed middle. And if you feel that things are tougher than ever, that’s because those in the middle are more squeezed than any other income group — including the poorest — according to new research from a leading think tank. In the two decades since 1997, the middle-earning fifth of British households are the only ones who have seen their income fall — by 8% — once housing costs are deducted, the Centre for Progressive Policy (CPP) has revealed. “Median households therefore lie at the heart of the housing crisis across the UK, particularly for those who…

Source: The Times May 25, 2019 23:07 UTC