Andrew Bailey tells MPs there are signs that UK economy is picking up, after GDP shrank in the last two quartersUK shows signs of recovery from mild recession, says Bank of EnglandAway from Barclays…Britain’s insecure jobs market and high housing costs are leading to the growth of a precarious middle class struggling to maintain a decent living standard on household incomes as high as £60,000 a year.A study released by abrdn Financial Fairness Trust, a research body set up by the fund manager, said the uncertain nature of work meant there was a one in three chance that someone earning a middle income today would not be doing so next year.“It is people earning between £30,000-£60,000 a year, depending on the type of household, people who you would expect to be doing OK.” Continue reading...