Sir Mervyn King: 'We're living through the biggest squeeze in living memory' | Mail Online: Yesterday the governor of the Bank of England, Sir Mervyn King, said workers in Britain have been hit by the biggest fall in living standards ‘in living memory’.
The £15 drop in weekly spending power is the biggest in the four-year history of the study, while the current cost of living squeeze is said to be the longest and deepest for at least 60 years.
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