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
Right right, keep on claiming that countries doing better than us are “f**ed”. That’s denial, right there.
Austerity has crippled Britain, and you’re it’s advocate.
Newsbot9
That’s right, you deep on denying a currency exists because of your bigotry. And struggling, sure – doing better than the UK, also.
And no, we failed to keep the rules. Keep on howling when the rules are applied to the UK!
hctinsley
Of course it wasn’t great, but the Osborne voodoo economics have been a disaster, as the piece above shows. Meanwhile, the mainstream media focuses on sex scandals…
Mick
Mindlessly spamming? In the same breath as you yourself speak about ‘racism’ and ‘death cycles’.
And with a housing shortage due to rising immigration flooding the population levels, as the Left themselves admit when they say we have open-door immigration because populations amongst the indigenous have flatlined, it also proves you yourself need to be less hyper and more logical.
Mick
Oh it does exist alright. I saw the 1999 launch party and thought it premature to be so hubristic.
And the Germans WERE wankers in 1992. The Germans refused to lower their interest rates to allow ours to breathe. The economy overheated, leading us to the recession Mrs. Thatcher was adamant to avoid and we were booted out.
The dogmatic plans of the EU (and John Major’s own stubbornness) was the cause of so much needless misery. Labour, remember, then criticised Major, who then had to point out it was Labour, the unions and the general Left who backed our entry into the ERM too.
So no denial. Just cold fact.