comparison to previous economic recessions: 2008 recession had certain peculiarities. Although the economy is in recovery, the effect of the recession is expected to be for longer periods, earnings, state benefits as well tax credits all fell in real terms. Decline in living standards of average man is expected to continue for years to come. The nature of work has changed within UK during last twenty years with service sector becoming main employment provider plus increase in flexible, plus semi-legal…
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