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Wednesday, 17 April 2013

Poor outlook: living standards slump


A raft of recent data has underlined the scale of Britain's deepening living standards crisis.
Inflation figures showed that workers were suffering as price rises - in particular recent hikes in energy bills - continued to outstrip wage increases. Meanwhile, figures from the Office for National Statistics showed middle-income households were thousands of pounds worse off than five years ago.
There was also an angry TUC reaction to figures showing that executives have enjoyed a 15 per cent-plus hike in their reward packages over the past year. Fair pay will be one of the central features of TUC campaign work over the coming months.
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