Read this, and you may just put your head in your hands, gather up your family and plan to emigrate. This year’s annual living standards audit from the Resolution Foundation contains graphs that risk plunging readers into downright despair at this benighted country’s state.
It has come to this: UK household income growth between 2007 and 2018 fell behind the rest of Europe, with only Greece and Cyprus below us. Ireland grew by 6%, France by 10%, Germany 19%, while the UK fell back – yes, backwards – by 2%. All countries struggle in this energy shock, but after 15 years of income stagnation, “global Britain” is the hardest hit and least resilient.
