Wednesday, October 25, 2006
Is Britain really booming?
At the risk of sounding hopelessly pious, it's worth repeating some statistics: not just the fact that 12 million Britons live on or below the poverty line, defined in the case of a two-adult household at £180 per week, but some rather less-quoted numbers. In August unemployment hit a six-year peak of 1.68 million, spurred on by a big fall in the number of manufacturing jobs, now at an all-time low. Contrary to the idea that buying in and trading up are within everyone's reach, one in three of us still live in rented accommodation; according to the Joseph Rowntree Foundation, a third of all working households containing people under 40 "cannot afford to buy even at the low end of local housing markets" Thanks to crash-and-burn in the forums for this link