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
The Germans weren’t obliged to help us, no, but Major felt hurt about the Kohl government’s callousness after being fed the lies about EU ‘harmony’, etc.
Newsbot, in comments above, talks about being anti-British, etc. Standing by that is as anti-British as it comes.
Mick
‘Thatcher’s policies caused a depression’. No. The markets ran away with themselves, then Major made his blunder five years later.
And what now, can’t EU leaders take responsibility for their own economies all of a sudden?
Newsbot9
Yes, keep on calling for others to allways bail out the mistakes of the Tories. You’ll be crying to the IMF soon enough.
Keep fighting cause and effect. The problem – people like you – is anti-British, not the failure of others to help against their rules.
Newsbot9
No, your spamming and ideological bigotry is yours.
Yes, you keep trying to highlight how you are planning crushing jobs for British people via isolationism. Typical UKIP “ages are too high” politics. Keep ignoring, as well, the real cause of the housing shortage. Anything but the real cause!
Newsbot9
The economies doing better than us? Yes, you keep talking about that! And keep trying to revise away British death-cycle economic politics by blaming the markets. Any excuse for you!