UK disposable incomes forecast to fall for the third year running

The amount of cash in Britons' pockets will fall this year for the third year running, according to the Centre for Economics and Business Research, a leading economic consultancy.

It said rising food, clothing and fuel prices coupled with "anaemic" pay rises would lead to another fall in households' disposable incomes. CEBR economists have revised down their real disposable income forecast for 2012 to a 0.2% decline, from a previous prediction of broadly flat on last year. That comes on top of a 1.3% fall in 2011....Guardian