Living under a Conservative Government at Westminster makes us all poorer – and it’s about to get worse. A report issued by the Office for Budget Responsibility ahead of the Autumn Statement contained some staggering numbers.
It found that real household disposable income – the cash you have left after monthly bills – will drop by seven per cent on average over the next two years. It’s the biggest fall on record and means UK incomes will be at the same level as they were in 2013. This is the reality of more than 12 years of Tory rule.
Jeremy Hunt, the Conservative Chancellor parachuted into the job as the pound tanked last month, barely mentioned this during his statement to the Commons yesterday. He has cut public spending and imposed a range of tax rises worth a staggering £55billion and ushered in a second age of austerity.
