Tag Archives: living standards

Resolution Foundation Report on Autumn Budget

Britain is on course for the longest period of falling living standards since records began in the 1950s, according to a report by the Resolution Foundation.

The think tank found that under plans set out by Philip Hammond in the Budget yesterday, the poorest third of households are set for an average loss of £715 a year by the end of the Parliament, while the richest third will gain an average of £185.

Liberal Democrat Leader Vince Cable commented:

This analysis exposes the reality of Britain’s economic future under this Conservative government.

The squeeze on pay and living standards is set to carry

Posted in News | Also tagged and | 7 Comments

Falling living standards are a problem of Labour’s making

Making use of the slowest news month of the year, the Labour party has released details of a report which (shock horror) has shown that living standards have fallen as a result of the financial crisis and subsequent recession.

Of course, they don’t put it quite like that, choosing to blame the coalition rather than the bust they promised would never come. Here’s Chris Leslie, Labour’s shadow financial secretary to the Treasury (presumably Balls is on holiday…):

David Cameron will go down in history as a disastrous Prime Minister for people’s living standards. He is totally out of touch, his economic policies

Posted in Op-eds | Also tagged and | 40 Comments
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Recent Comments

  • Chloe
    I remember the long journeys into Manchester with my Mum 50 years ago. Piccadilly gardens were lovely. Looking at them now , if that's anyone's idea of progress...
  • Jason Connor
    How about the coastal and other towns left behind due to labour inertia? It's all well and good transforming Greater Manchester if you can call it that, but I h...
  • Peter Davies
    Those words at the beginning of the declaration were pretty disingenuous. It was obvious even at the time that they were incompatible with the rest of the decla...
  • TimL
    Thanks Alex and Chloe. FWIW I don't think these are resignation honours - I think it is just timing coincidence. Whether Starmer comes back with more resignatio...
  • Simon McGrath
    Oh dear. The UK is actually doing quite well for AI firms and investment here - would the state taking over some of the shares make that more or less likely to...