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There were sharp falls in average household incomes in the U.K. in fiscal year 2010-2011. Median income fell by 3.1% from £432 per week to £419 per week (both in 2010-2011 prices) and mean household income fell by 5.7%, from £542 to £511 per week. This represents the largest one year fall in median income since 1981 and the largest one-year fall in mean income since IFS’s consistent data began in 1962. Using either measure, this leaves average living standards in the U.K. below the level in 2004-05, undoing five years of (slow) growth in a single. | Graduate and doctoral programmes in Economics and Business Faculty of Economics and Business Discover KU Leuven Situated in the heart of Western Europe KU Leuven has been a centre of learning for nearly six centuries. Today it is Belgium s largest university. Founded in 1425 it is one of the oldest and most renowned universities in Europe. As a leading European research university and co-founder of the League of European Research Universities LERU KU Leuven offers a wide variety of programmes in English supported by high-quality innovative interdisciplinary research. The university welcomes more than 40 000 students of which 16 are international students from more than 140 countries. KU Leuven s doctoral schools organise internationally oriented PhD programmes for over 4 000 doctoral students. The university is located in Flanders the Dutch-speaking part of Belgium. Leuven is a modern bustling and safe student city with a long and rich history. Cultural and recreational opportunities abound. KU Leuven s central location offers a truly international experience. Major European capitals such as Brussels Paris London and Amsterdam are only a very short train journey away. Faculty of Economics and Business As one of KU Leuven s 15 faculties the Faculty of Economics and Business carries out education and research in five departments Economics Marketing and Organisation Studies Accountancy Finance and Insurance Managerial Economics Strategy and Innovation Decision Sciences and Information Management One of the Faculty s most important assets is its vast national and international network. It maintains strong links with the business and financial community by organising regular workshops with industry leaders and the European Commission situated only 30 minutes from the campus. Many of the alumni work at European institutions and many staff members act as advisers to various European bodies and international companies. The Faculty s alumni network offers excellent .
