The downward spiral of UK living standards‏

The Guardian reports that in 2012 the amount of cash in the pockets of British workers will fall for the third year running. Research by the Centre for Economics and Business Research (CEBR) says that rising food, clothing and fuel prices compounded by "anaemic" wage rises will lead to another fall in households' disposable incomes. CEBR economists forecast a 0.2% decline on top of a 1.3% fall in 2011:
http://www.guardian.co.uk/business/2012/jun/04/inflation-economics