True cost of living is not captured by treasury figures

Philip Booth is quoted in The Express

IEA Editorial and Programme Director Professor Phillip Booth was quoted in The Express. He argued that figures circulated by the treasury suggesting a pay rise for all but the top ten percent of earners was 'rejigging of existing data to make a point'. Furthermore he argued that people's standard of living are still declining and that despite more people working in the household, productivity is not rising.

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