From an article in today's Evening Standard celebrating the house price bubble in London and the South East:
TUC general secretary Frances O’Grady said: “Today’s figures show that the UK’s so-called recovery is based on house price rises rather than growing pay packets, with the cost of properties rising three times faster than wages.
She added: “This may be enough for wealthy homeowners in London but it’s no way to secure a sustainable recovery. With every measure of inflation showing a rise of at least 2.5 per cent, the longest wage squeeze in over a century shows no sign of abating.”
Perhaps she's beginning to see the LMBH?
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