Tax rises and subsidy cuts behind drop in UK household incomes, says OECD - short news
UK in bottom half of income table across 38 rich nations as US and Italy see growth but Canada, France and Germany decline
A sharp rise in tax payments and cuts to energy subsidies in the UK were to blame for a steep fall in household incomes during the first three months of the year, according to the Organisation for Economic Cooperation and Development (OECD).
In a review of its 38 member states, the OECD said the UK was in the bottom half of the income table after households..
source: The Guardian - 10.08.2023