Andrew Bailey tells MPs there are signs that UK economy is picking up, after GDP shrank in the last two quarters
Barclays to cut costs by £2bn, raising fears of further job losses
Away from Barclays…Britain’s insecure jobs market and high housing costs are leading to the growth of a precarious middle class struggling to maintain a decent living standard on household incomes as high as £60,000 a year.
A study released by abrdn Financial Fairness Trust, a research body set up by the fund manager, said the uncertain nature of work meant there was a one in three chance that someone earning a middle income today would not be doing so next year.
“It is people earning between £30,000-£60,000 a year, depending on the type of household, people who you would expect to be doing OK.”
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