The measures announced in the Autumn Statement should provide a small boost to consumers’ incomes next year relative to the July Budget. But at just 0.2% of nominal income, it is unlikely to be transformative. And the big picture is still that the fiscal squeeze will hit incomes in 2016. Meanwhile, there were few positives for retailers, with the apprenticeship levy adding to mounting pressures from rapid rises in wages and the introduction of the National Living Wage next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services