Who voted to bring back UK austerity?
Elections often result in positive change but in Brexit Britain, it seems that things can only get worse.
Over the weekend the Joseph Rowntree Foundation (JRF) published its outlook for living standards in advance of the chancellor’s spring statement on Wednesday.
It makes for bleak reading.
The JRF’s data analysis predicts that average UK household disposable incomes (after housing costs) will remain £400 a year below 2020 levels in April 2025.
By April 2030, households will be a further £1,400 worse off on average than they are today, a 3% fall.
On 20 July 1957, Tory PM Harold Macmillan told the people, “You’ve never had it so good” as a post-war economic boom led to a rise in living standards for the many.
Ironically, MacMillan was considerably more progressive than Keir Starmer and most of his current cabinet in political principles.
........
© Evening Times
