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The Independent UK
The Independent UK
National
August Graham

Real incomes ‘will not return to pre-Covid levels until 2026 for many families’

Covid-19 Niesr Adrian Pabst the National Institute of Economic and Social Research Interest Rates

The real incomes of the poorest half of UK families will not get back to their pre-pandemic levels until the end of 2026, new analysis has suggested.

The National Institute of Economic and Social Research (NIESR) said it thinks interest rates have peaked and that wages will rise by just over 7% in 2023 and 2024.

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