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Middle management suffering at work

A report by PricewaterhouseCoopers has confirmed that the recession is hitting all areas of the economy and population with the revelation that middle management across the UK are feeling the pinch. A survey by PricewaterhouseCoopers suggests that 40% of companies surveyed have been the victim of accounting fraud, theft or some kind of mismanagement (often to manipulate bonuses) over the last 12 months.

However, it is the revelation that 47% of these economic crimes have been committed by middle management against just 32% two years ago which is causing most concern. The problem for many of the relatively high earners in the UK economy is the fact that with a high-income comes a high-cost of living which many people are finding difficult to fund at this moment in time. While there is no excuse for economic crime anywhere in the UK, many people are being forced to the edge of the financial abyss and often feel they have no option when mortgage payments are due, taxes need to be paid and family life needs to be funded.

There is a growing feeling that those in the higher income bracket also need some kind of assistance from the government bearing in mind they have paid billions upon billions of pounds in taxes in the past. Is it too much to offer some short-term relief to these people?

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