David Cameron has been in Downing Street for 36 months of falling real wages – more than any Prime Minister on record - according to new analysis of figures from the Office for National Statistics (ONS).
David Cameron has been in Downing Street for 36 months of falling real wages – more than any prime minister on record – according to new analysis of figures from the Office for National Statistics (ONS).
According to the damning figures, no prime minister has seen as many consecutive months where the rate of inflation is higher than annual rise in wages. Prices have risen faster than wages in all but one month of David Cameron’s premiership – and that was April 2013, when Cam cut taxes for the rich and bank bonuses skyrocketed.
Working people are now £1,350 worse off a year in real terms since David Cameron became prime minister in 2010. Things are also set to get worse. Analysis of Office for Budget Responsibility forecasts by the House of Commons Library shows that wages are forecast to be £1,520 lower in 2015 than in 2010 after inflation is factored in.
This means that working people will have lost a total of £6,660 in real terms since May 2010.
Wages have fallen in real terms in every region and nation of the UK, but Yorkshire & the Humber, Wales, the North West and the South West have seen the biggest percentage falls.
Prices have also risen faster in the UK than in any other G7 country in the past three years, and no other G7 country has seen workers’ incomes in real terms fall by as much as the UK.
11 Responses to “Cameron worst PM in recorded history for living standards”
Shakeel
The big fish like Google, Amazon, Starbucks etc get to get away with paying nothing in UK tax but the working class suffer as usual thanks Mr Cameron!!
Anne Selby
Seriously, why have the British people not risen up to give this cretin a vote of no confidence? What happened to the British fight back ability? God help us, because I don’t think anyone else can…
tanith
thats what i keep asking anne just cant understand it /he would have been kicked out long ago had people stood up to him n cronies its appaulling whats happening worst of all theres more horrors to come x
treborc1
They did not pay any taxes under Labour either, no good blaming one without the other surely.
treborc1
Because if Labour was get in they have stated they would do the same, MIliband this week or I think it was him it may have been Ball’s stated this was the worse government for living standards, which one has to ask they why has Labour stated they keep to the Tories spending plans and hold wages down to 1%.
Labour has to decide which way it’s going and then make a stand not make one statement today another tomorrow because they think that’s what the public want to hear