Just three EU countries saw bigger drop in living standards than UK in past two years

Green Politics

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”

  1. Mick

    Labour people are full of leftists, it came from the left, is PC, it wants ‘socialist’ mansion taxes and crap, and sings the Red Flag at its ‘conferences’.

    And yes, there are co-operative MPs, but headed by Balls who talks nothing but what his name is. Talk about damage and fanatics.

    And yes, John Lewis is a nice shop. But that’s a business model within a capitalist society, not an anarchist creed which has to have the world revolve around it.

  2. Mick

    Well, Britain hasn’t needed to call the IMF. But if it does, Labour would still have no right to crow as Old Labour, headed by Lispy Ed, needed the IMF themselves.

    Ah, anti-British. And when anarchists smash up the towns during riot, they do it to restore Britain do they? (Mutualists are anarchists.)

  3. Newsbot9

    We’re in 2010, not the 1970’s. And no, no anarchists doing that. The right wing in government are indeed driving the cities into ruin. But keep up the incorrect stereotyping and collectivism!

  4. Mick

    Oh I see, so mashing the European job markets in order to have exploited Eastern Europeans plonked in millions of jobs here is the way to go is it? Especially as we know the Polish government resorted to BEGGING the Poles to go back as all the skilled ones were working as shop assistants over here.

    Oh Doctor Newsbot, what have you done?

  5. Mick

    Oh the only thing I paint is poor Mr. Newsbot into a corner.

    And indeed we’re in 2013 actually. Though someone tell the Labour Party, whose union block vote swung the balance for Millipede to win the leadership election. Most members actually wanted to stay New Labour and not drag Britain back to constant strikes and people starving.

    And I wouldn’t crow too loudly about mutualists being anarchists. And to think these nob-cheeses bleat on about Nazi violence: http://www.time.com/time/world/article/0,8599,2040403,00.html

    Oh doctor Newsbot, what have you done?

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