Households may next year enjoy an increase in real income for the first time since the credit crunch struck.
It will be middle-income earners and poorer families who benefit the most, according to the Centre for Economics and Business Research (CEBR).
It forecasts a welcome return to economic growth next year and predicts families will enjoy a much-needed increase in income – after the impact of inflation – as stubbornly high inflation recedes.
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