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Britain’s biggest problem

By Jay Elwes  

Today, the Office for National Statistics issued a paper on wages and productivity. The findings were not good. Wages in Britain have declined sharply since 2010, while at the same time inflation has risen, causing the cost of consumption to rise. In short, people are earning less, and their costs are going up.

The Labour Party has leaped onto the report as evidence that the Government is presiding over a hollow recovery that is not being felt by the public. Chris Leslie MP, Labour’s Shadow Chief Secretary to the Treasury said this morning: “these figures show the biggest fall in…

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