MRDA - incomes falling!
BBC NEWS | Business | Average incomes 'fell last year'
Average household incomes have fallen for the first time in a decade, says the Institute of Fiscal Studies (IFS).
The IFS says income after tax and benefits fell by 0.2% between 2003 and 2004, due partly to rises in national insurance payments in the 2002 Budget.
In response, the Treasury described the IFS research as "complete rubbish".
"They would say that wouldn't they" (Mandy Rice-Davis Applies).
Doesn't seem like rubbish to me - incentives to work are not there when old Tax and Waste dips his hand deeper and deeper in to our pockets.