Average household income in 2014–15 is at around the same level as it was in 2007–08 - but still more than two per cent lower than in the peak years of 2009–10, according to IFS figures.
All features (economic growth)
- Results: (23)
In a major new programme of work researchers at the ESRC-funded Institute for Fiscal Studies are analysing the implications of the different parties' fiscal policies and what happened over this parliament.
Research supported by Warwick's ESRC Centre on Competitive Advantage in the Global Economy show that the Soviet Union initially tried similar economic reforms as China - but without the same success.
Only 40 per cent of the Chancellor's planned spending cuts will be in place by the end of this financial year – with 60 per cent yet to come, according to the Institute for Fiscal Studies' Green Budget 2014.
Following the success and public interest around the inaugural event last year, the 2013 Festival of Economics, co-sponsored by the ESRC, is about to be launched in Bristol.