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Middle classes will disappear in next 30 years warns Government adviser
Property price rises will cause the middle classes to disappear within 30 years leaving only a “wealthy elite and sprawling proletariat”, government adviser says. The middle classes will die out within 30 years because of rising property prices, which will rob today's children of their dreams, an economist has warned. David Boyle, a government advisor and fellow of the New Economics Foundation think-tank, said that youngsters can no longer expect the same level of affluence as their parents. Speaking at the Hay Festival he warned that Britain will be left with a ‘tiny elite and a huge sprawling proletariat’ ... (full story)
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