George Osborne hails UK economy recovery 'milestone'
A return in average household incomes to pre-financial crisis levels is a "milestone" in the UK's economic recovery, the Chancellor has said.
Research by the Institute for Fiscal Studies (IFS) highlighted the return, but also showed income levels were still more than 2% below their 2009-10 peak.
Living standards have risen more slowly than in previous recessions, it found.
George Osborne told BBC Radio 4's Today programme that "inequality has fallen" but that "the job isn't done".
04 Mar 2015
- From the section UK Politics