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.”
38 Responses to “Just three EU countries saw bigger drop in living standards than UK in past two years”
Mick
You’ve got the graph. Use your eyes.
And of course, we fall back on people in the Left, be they Labour or whatever, saying the know best but proving themselves impotent.
Take Labour, who act all-knowing but were, in reality, failures enough to now be in opposition. And take mutualists, your lot. If you’re anything to go by, mutualists snipe and bitch at everything anyone else does…..
….But you don’t even know how to get the public behind you, or come into power, or just do anything. You’ve had all this time.
Newsbot9
Labour are centralist, keep up your denial. And keep talking about your confusing what I support with your fanatics, with your “sniper rifles”.
Your fanatics haven’t taken over, but John Lewis is doing fine. Keep raging!
Newsbot9
Yes, your cold facts in your dimension. How dare the Germans not break the rules! Thatcher’s policies caused a depression, and the begging bowl we extended when it went wrong was refused.
And yes, keep talking up the fact that you got us expelled versus the people who took us in!
Newsbot9
Nope, you don’t break for me.
Keep lying about the causes of the housing cycle, with your anti-British economic sabotage. There is no open door, although you’ve managed to creep in somehow.
When are you leaving, given your fraud when you pretend to be a doctor? Serious crime, that.
Mick
If I was a doctor, I could probably diagnose Newsbot right away. Spamitis perhaps, or just mutualist! (Oh come on, you asked for that one.)
If you plan to let all these extra millions onto a comparatively small island, you’d best also plan where to put them. We have enough houses built on reserviors, flood plains and former green belt land as it is.
And, as you know, there aren’t enough jobs to go round.