U.K. disposable incomes are set for their biggest drop in a decade next year as rising inflation, tax hikes and tighter monetary and fiscal policy put the squeeze on consumers, according to Credit Suisse.
The bank predicts a 1.5% drop in real disposable incomes in 2022, the biggest fall since the aftermath of the financial crisis in 2011.That will in turn damage the prospects for economic growth.
Tags GBP incomes tax UK economy
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