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A mix of deep recession and high inflation has left national wellbeing in Britain more than 13% down on its level before the global financial crisis, according to new government data.
The Office for National Statistics said the hit to real living standards caused by the worst downturn of the postwar era had been almost double the fall in national output as measured by gross domestic product (GDP).
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Daily Telegraph: "Living standards down over 13pc since start of recession"
"National incomes fell by more than 13pc this year compared to the start of the recession four years ago, data in the report showed.
"National and household incomes have fallen due to mix of worst economic downturn since the Second World War and high levels of inflation."
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