Latest editorial
Economy: Real household income continues to decline in face of Chancellor George Osborne's boast of improved GDP
Figures from the Office of National Statistics expose truth of Tory Chancellor's 'improving economy' as working families suffer falling disposable income
Tory Chancellor George Osborne’s boasts to have helped “hardworking people” were shattered yesterday following official figures revealing that families were not benefiting from Britain’s spreadsheet recovery.
Household income has been falling steadily since 2009 despite Gross Domestic Product (GDP) rising, the Office for National Statistics showed.
Its economic wellbeing study showed real household disposable income — a key measure of living standards — was still in decline at the end of 2013.
Similar stories
It’s the dramatic rise of China with its burgeoning economy that has put the Trump administration into a frenzy – with major implications both at home and abroad, argues MICHAEL BURKE
