FTSE stable as report shows recovery may bypass lower earners
City Index October 31, 2012 3:15 PM
<p>The FTSE 100 has held its ground after a report indicated the recovery may not benefit lower earners in the coming decade.</p>
The FSTE 100 was stable in trading this morning (October 31st) as a fresh report revealed that the economic recovery in the UK could bypass middle and low-earning households.
A study from the Resolution Foundation argued that living standards could fester over the coming decade, with incomes ending no higher in 2020 than they were in 2000.
The think tank claims this will be down to the demise of administrative and factory sector employment opportunities in the UK and warned high joblessness will continue to put pressure on wages.
However, it said this can be avoided if policymakers take action by increasing female employment, boosting low salaries and raising skills, adding that such measures could make a typical middle-income household better off by £1,600 annually by 2020 after inflation.
At 10:30 GMT, the FTSE 100 was stable, losing a marginal 1.2 points to an index value of 5848.6 points.
Find the latest spread betting strategies for the FTSE 100 at City Index.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.