Osborne was wrong on move from ‘Rescue to recovery’

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Chancellor of the Exchequer George Osborne got it wrong when he said the economy had moved from ‘rescue to recovery,’ according to Yorkshire folk.

A survey by R3, the insolvency trade body, shows 46 per cent of adults in Yorkshire and Humber think the Chancellor was wrong, compared with 40 per cent who think he was right and more than half now say they struggle to reach pay day, compared with a third at this time last year.

Gareth Self, Yorkshire R3 committee member and Insolvency Practitioner within the P&A Group of Companies in Sheffield, says: “Optimism about the wider economy still isn’t entirely filtering through to how adults in the region and beyond think about their own bank balances.

“The rising cost of living, credit card debts, and rent costs are all preying on the minds of British consumers.”