“…Ever since the latest figures for UK growth were released last week, there has been a concerted attempt to rubbish the data…”

“..The great and good from the business world has lined up to say that the 0.7% drop in gross domestic product in the three months to June was a rogue number -

- and that the economy is actually not doing nearly that badly.

That is not the story painted by fresh figures out on Tuesday – that provide a snapshot of the economic position of households -

- which show an almighty squeeze on spending power caused by rising prices and weak wages growth..”

(cont..)

go to source/story>>>

Household income figures show that the dismal GDP data was no fluke | Larry Elliott | Business | guardian.co.uk.

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