Published: May 01, 2019
Inflation has grown 9.7% since the 2013 election but household incomes have grown only 7.8%. That makes for a 1.7% fall in standard of living
In any election campaign were you playing a drinking game based around utterances of “cost of living pressures” you would not be long for this world, so poisoned with alcohol would you become. That is the case this time round even while the latest figures suggest cost of living growth is slowing. The picture is more complex and harsh for households when we consider income growth and which items are the ones with the biggest price rises.
Related: Reality rarely gets a run in an election campaign full of feigned outrage | Greg Jericho
Continue reading...from The Guardian http://bit.ly/2ZNy1Yt
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