2010 – 2014: the worst five-year period for living standards since records began

Green Politics

2010 to 2014 was the only five-year period where real disposable household income per head fell

 

2010 to 2014 was the worst five-year period for living standards since records began half a century ago, according to new analysis from the TUC.

The analysis, published today, compared five-year averages of UK disposable household income per head with the averages for the preceding five years.

It found that 2010 to 2014 was the only five-year period since records began in 1960 during which real disposable household income per head fell rather than grew compared to the preceding five years (2005-09).

Surprisingly, even during the height of the financial crisis from 2008 to 2012 there was a rise of 1.5 per cent on the preceding five-years (2003-07).

The TUC said the figures were further evidence that the coalition’s austerity programme was more to blame for the loss of living standards than the financial crisis that preceded it.

“Living standards have suffered the worst slump in at least half a century, leaving workers paying a heavy price for the government’s bad choices over the last five years,” said TUC general secretary Frances O’Grady.

“Conservative plans for extreme austerity after the election risk killing off the recovery again,” she added. “It would be Groundhog Day for living standards, making families worse-off and cutting public services down to a stump.”

James Bloodworth is the editor of Left Foot Forward. Follow him on Twitter

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43 Responses to “2010 – 2014: the worst five-year period for living standards since records began”

  1. Leon Wolfeson

    You prove her correct, and all your personalities are all “far more clever”, right.

  2. Leon Wolfeson

    Of course your sexism is not sexism, as you claim magical rights, and then engage in more blatant sexism.

    Of course you see research as being inherently biased and prejudicial when it does not support your views.

  3. Leon Wolfeson

    You prove his point.

  4. Leon Wolfeson

    Trashed? Oh, you mean the recovery which was stopped on an emergency basis, and we were plunged into an artificial depression.

    Yes, the coalition trashed things quite nicely.

  5. Leon Wolfeson

    Just one who was not *that* far to the right.
    The economics followed here were those of the Tea Party in America.

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