Britain’s squeezed households largely explain the country’s flatlining economy

Excerpt from the Economist helping to explain some of our current economic situation…

‘HENRY FORD said that it was customers, not employers, who really pay workers’ wages; employers merely look after the cash. Ford also thought economies did best when workers could afford to buy the goods that they make. These old American ideas do a good job of explaining Britain’s consumer slump. Digging into a typical household’s accounts suggests when it might end.’

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