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Friday 9 December 2016

Crash takes toll on the North

income

Northern Ireland has taken the biggest hit in living standards of any UK region since the crash, a think tank has warned.

The North has moved from being the region with the fourth lowest income per household in 2007 to being the lowest in 2014, according to the Nevin Economic Research Institute.

The data comes as the private sector in the North has been experiencing a rapid slowdown since the start of the year. Tom Healy, of the Nevin Economic Institute, said the squeeze in living standards is in part attributed to bigger wage cuts.

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