Households not benefiting from the recovery

Nia Williams

October 31, 2013

Commenting, TUC General Secretary Frances O’Grady said: “Today’s figures confirm that households are not benefiting from the recovery.

“Growth matters because it raises people’s living standards. But this basic rule has been broken under an austerity-obsessed government. Most people will not feel as if we are in recovery if all the gains from growth are hogged by the same old elites, at the cost of ordinary families.

“The ONS report also shows the scale of our cost of living crisis, with people now having to spend more than a third of their incomes on essentials as they suffer the longest wage squeeze in over a century.

“The government must wake up and start tackling our cost of living crisis. It can start by taking on the excessive profits of the big energy firms that have pushed energy bills up so much that households are now spending more on gas and electricity than they are on filling up the car.”

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