UK / The ‘living standards crisis’

Britain faces a ‘living standards crisis’ as it was revealed that millions of families will never regain the losses they sustained during the financial crisis and recession.

Average earnings have sunk to the level they were at 10 years ago as workers are squeezed by a toxic combination of pay freezes and hikes in the cost of living.

Ed Miliband today accused David Cameron of presiding over ‘falling living standards’ and abandoning the less well-off in favour of the rich.

Chosen excerpts by Job Market Monitor from

via UK facing ‘living standards crisis’ as millions of families will NEVER see their finances recover from the economic downturn | Mail Online.