The Institute for Fiscal Studies said median take-home incomes had actually increased during the recent recession. But the institute’s analysis of latest government figures suggested it was “entirely possible” that median incomes dropped by 3% in 2010-11. MORE
EX-CBI director-general Sir Richard Lambert has walked away from his new role with the Financial Policy Committee – before he’s even had his first meeting. He had been viewed as a key high-profile member of the panel and his departure could prove to be a stumbling block for chancellor George Osborne’s flagship financial regulation reforms. MORE
The IMF is urging Europe to push shaky banks to strengthen their finances as the best way to keep the debt crisis in Greece, Portugal and Ireland from hitting a growing eurozone economy. MORE
National Savings reintroduces inflation-linked bond – The product, which gives savers a protection against inflation, was taken off the market because of high demand in July 2010. Savers will be able to invest up to £15,000 tax free in a five-year bond with an interest rate of RPI plus 0.5%. Building societies fear the move could affect their ability to raise funds. MORE
