Economy: 'National pay' cut hitting UK says Heath

16 May 2012 Last updated at 07:05 ET Help

Britain has been going through a "national pay cut" with most people not having a rise in two years, the City AM editor said.

Allister Heath said people's real-term income was falling by about 2% a year, which was hurting the economy.

But he also said official figures showed the eurozone has been outperforming the UK, with Germany as a powerhouse but other nations were "in crisis".

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