to 0—point—7 % in the year before
the general election,
as our business correspondent,
joe lynam, reports.
when theresa may became
prime minister a year ago,
she promised to work hardest
for those "just about managing."
but a year later, those so—called
jams have seen the rate
at which their incomes grow
more than halved.
in 2016, it stood at 1.6%,
butjust before the general
election, it fell to 0.7%.
before the financial crisis in 2008,
incomes had grown an average
rate ofjust over 2%.
incomes for younger families,
though, have not risen
at all in 15 years.
while pensioner incomes have grown
by 30% in that time,
due to soaring property values.
the big winners have been
those with mortgages,
who have seen the interest rate
on their mortgage come
down significantly.
and if they've stayed in theirjobs,
yes, they may not get
the earnings growth they wanted,
but they have benefited
from the low interest rates.
the big losers have
been the young people.
young people are still 10%...