Just three out of 27 EU countries saw bigger fall in living standards than the UK in past two years since George Osborne's autumn 2010 spending review.
The UK has had the biggest fall in living standards of any EU country bar Greece, Cyprus and the Netherlands in the past two years, according to new figures.
The analysis, commissioned by Labour from the House of Commons library, shows how living standards (measured as real wages – ie wages minus inflation) have changed in every EU country over the last two years since George Osborne’s autumn 2010 spending review.
Labour’s shadow chancellor Ed Balls MP said the figures showed just how far Britain was falling behind the rest of Europe under this government.
“We are losing in the global race with only three out of 27 EU countries suffering bigger falls in living standards than us.
“A flatlining economy under David Cameron and George Osborne over the last two years has made British people worse off, but families, pensioners and businesses cannot afford another two years of falling living standards.”
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38 Responses to “Just three EU countries saw bigger drop in living standards than UK in past two years”
Newsbot9
Success thanks, your darkness – your triple dip and worse – isn’t attractive.
Thanks for being stuck in the 1970’s, though.
Newsbot9
That’s right, keep calling a currency which is rising sharply against ours “dummy money”, it says much about your contempt for the pound. And you’ve chosen to smash Britain’s face into the fist repeatedly, using your metaphor, so…
Why are you so happy with the “credit crunch, rocketting spending and unemployment”. How are you making your cash from the markets on this?
Newsbot9
Ah yes, another bit of blind hackery which is in Triple-Dip denial. Keep on fighting to not look at financial figures!
They’ve cherry picked figures, refusing to admit the reality that Latvia is massively down from it’s peak, with very significant structural problems. And that the rest of Europe DIDN’T use austerity, outside the UK – which is also in deep trouble.
hfdkgtthhyy
Could it be because we have 7 million immigrants that stretch every public resource, no one can afford housing, nhs waiting times are longer then ever, schools where no one speaks English. How can we not expect living standards to fall
Sign this petition to restrict Bulgarian and Romanians from entering the UK:
http://epetitions.direct.gov.uk/petitions/41492
Over 70,000 have signed! At 100,000 it goes to Parliament
hctinsley
Not so many. Well over 200,000 signed 38 Degrees petition on NHS privatization last week.