Sizing up the squeeze on consumer spending
For the past two years, the “squeezed middle” have rarely been out of the headlines. Whether suffering tax rises, spending more on energy bills, or failing to buy televisions on their local high street, the middle seems to be squeezed at every turn. This is not just perception: look behind the headlines and the facts show it’s more than the middle, it’s longer than the recession, and the worst is only just kicking in now. Since there’s no promise it will end any time soon, businesses will need to adjust.