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”
Newsbot9
Ah yes, of course you try to implicate my in your criminal activity. And keep trying to force parties to select the leaders you want, while you advocate the policies of starving the people without giving them the right to strike.
And let’s discuss one bomb, where nobody was hurt, and from a very different strand of anarchism, versus the thugs of your friends in Golden Dawn.
Newsbot9
Nope, your calls to mash people are wrong. And they went back because the Polish economy improved, while ours is thanks to your right failing.
Keep trying to claim I’m part of your medical fraud.
ConvenienC
The Dutch are the ‘Crazy Henkie’ of the EU spreading their wealth to Greece and the former Eastern Bloc.