Cameron worst PM in recorded history for living standards

David Cameron has been in Downing Street for 36 months of falling real wages – more than any Prime Minister on record - according to new analysis of figures from the Office for National Statistics (ONS).

David Cameron has been in Downing Street for 36 months of falling real wages – more than any prime minister on record – according to new analysis of figures from the Office for National Statistics (ONS).

According to the damning figures, no prime minister has seen as many consecutive months where the rate of inflation is higher than annual rise in wages. Prices have risen faster than wages in all but one month of David Cameron’s premiership – and that was April 2013, when Cam cut taxes for the rich and bank bonuses skyrocketed.

Inflation
Working people are now £1,350 worse off a year in real terms since David Cameron became prime minister in 2010. Things are also set to get worse. Analysis of Office for Budget Responsibility forecasts by the House of Commons Library shows that wages are forecast to be £1,520 lower in 2015 than in 2010 after inflation is factored in.

This means that working people will have lost a total of £6,660 in real terms since May 2010.

Wages have fallen in real terms in every region and nation of the UK, but Yorkshire & the Humber, Wales, the North West and the South West have seen the biggest percentage falls.

Real wages2

Prices have also risen faster in the UK than in any other G7 country in the past three years, and no other G7 country has seen workers’ incomes in real terms fall by as much as the UK.

G7

 

11 Responses to “Cameron worst PM in recorded history for living standards”

  1. Shakeel

    The big fish like Google, Amazon, Starbucks etc get to get away with paying nothing in UK tax but the working class suffer as usual thanks Mr Cameron!!

  2. Anne Selby

    Seriously, why have the British people not risen up to give this cretin a vote of no confidence? What happened to the British fight back ability? God help us, because I don’t think anyone else can…

  3. tanith

    thats what i keep asking anne just cant understand it /he would have been kicked out long ago had people stood up to him n cronies its appaulling whats happening worst of all theres more horrors to come x

  4. treborc1

    They did not pay any taxes under Labour either, no good blaming one without the other surely.

  5. treborc1

    Because if Labour was get in they have stated they would do the same, MIliband this week or I think it was him it may have been Ball’s stated this was the worse government for living standards, which one has to ask they why has Labour stated they keep to the Tories spending plans and hold wages down to 1%.

    Labour has to decide which way it’s going and then make a stand not make one statement today another tomorrow because they think that’s what the public want to hear

  6. Anthony Masters

    According to this graph in the Guardian, there have only been three months since 2008 where nominal wage increases have been larger than price inflation. Though this graph differs from the one in the article, I imagine that the data is similar. https://docs.google.com/spreadsheet/ccc?key=0Asiju4DoCDhScFhNRlEzZTRhRlkxMW9Ra1RfN0ZoWmc#gid=4

  7. Matthew Hardy

    and to think, Labour left an economy that was growing strongly out of recession. Yes, they did, most people forget that.

  8. Denise Clendinning

    In time the interest rates will be going up maybe not now but if they get another term they will rise and watch the shit hit the pan . The country will go bankrupt that,s if this lot get back in and don,t forget the pensioners will cop it if they get in as they have said so anybody who votes Tory next time you must enjoy pain

  9. Eddy Boyband

    labour really did leave England in a right old mess

  10. Shakeel

    Records speak for themselves he is the worst (Weak) prime minister ever even Maggie was better then him!

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