Mimeos

Country case study - UK

Date: 01 September 2011
Authors:

The UK recently experienced its deepest recession since the Second World War, during which GDP fell by over 6 per cent between the first quarter of 2008 and the third quarter of 2009. We would naturally expect these falls in national income to have consequences for UK households' living standards. In this chapter, we examine how earnings, employment and household incomes evolved immediately before, during and after the Great Recession in the UK.