A report by the Institute for Fiscal Studies (IFS) reveals that UK living standards have significantly lagged behind those of most wealthy countries since the Conservative government took office in 2010. The report highlights that the UK has sunk to the bottom of the league table, with earnings growth being eroded by higher taxes and mortgages. The ruling Conservative Party has presided over a substantial downward shift in the pace of improvement in living standards during this period. The comparison spans from 2010 to 2024.
Shocked Brits react to rise in cost of living under Conservative government | 2010 v 2024 https://t.co/c3mvI9pxRR
UK living standards have underperformed those of most wealthy countries since the Conservatives entered government in 2010. The country has sunk to ‘bottom of league table’ with earnings growth eaten up by higher taxes and mortgages https://t.co/uvnHRwNitx https://t.co/NKjTcUJKTG
UK living standards have underperformed those of most wealthy countries since the Conservatives entered government in 2010. The country has sunk to ‘bottom of league table’ with earnings growth eaten up by higher taxes and mortgages. https://t.co/uvnHRwMKDZ https://t.co/Wj9RKH2IwC
UK living standards lagged under Conservative rule, IFS says https://t.co/dWO5wNKkQF via @tomelleryrees https://t.co/xGufkb5Zfj
Britain’s ruling Conservative Party presided over a huge downward shift in the pace of improvement in living standards since it took office in 2010, according to IFS estimates https://t.co/9zc0pYeCE7
UK living standards have underperformed those of most wealthy countries since the Conservative government began in 2010, according to the Institute for Fiscal Studies https://t.co/gt0qfz8z4H
UK living standards have lagged most peer nations since 2010, report finds https://t.co/WO42opfWyH