Reducing wages and increased prices made workers coping with the lowest level of spending for nine years.
Although every politician blood pressure goes up when they hear about statistics and Unions’ statement but the politicians should learn that there is always some truth and facts in it.
The Office for National Statistics revealed that the average Britain has £3,640 left after taxes in the first three months of this year. According to their find it reduces down to the level last seen in 2003.
People definitely have cut back on their spending but the income was still reduced further. It is thought it is five times faster than the reduced spending .
Food prices when the Coalition came into power rose almost 50 per cent straight away and nothing was said and done. At the moment the food prices rise on a 3.1 per cent but this is not the point because rose already sky high.
The union Unite stated that three-quarter of people earn less than a year ago. Therefore People’s money runs out by 21st of each month. It was found that 30 per cent of people cutting back on food to make ends meet.
NOW THIS IS SURELY UNACCEPTABLE ESPECIALLY WHEN THE PRIME MINISTER SPENDS BILLIONS OF POUNDS ON EU, AIDS AND WARS WHICH HAVE NOTHING TO DO WITH BRITAIN.
This is not meant as a vendetta against the Conservatives the Labour is not perfect but an awful lot better and if they were would have been voted in the UK would not have to struggle like that. Anybody knows that cutting back do not work. As this report show above the family cut back on food and clothing which then backlashes on the retail market and show losses which they did in the last quarters. Shops close because trading dropped. The retail market then reflect on manufacturers. It is a never ending vicious circle. To repeat again cutting back does not work. It is even realised by other countries and they start slowly but definitely to pick up.
Unite general secretary Len McCluskey said: “Ordinary men and women working two jobs to get by and they and their families are being hammered twice. Once for the bankers blowout and then again by cuts to services that sustain our communities.
“Over and over again this government is trampling all over the ordinary people and squashing their hope. WE need to say an emphatic – NO. – this is not what we voted for.”
Unite is urging people to join the TUC march against the government cuts in London on October 20.
MP Chris Leslie, Labour’s Shadow Treasury minister said: “Millionaires will soon get a tax cut but millions on middle and low income are paying more because of the rise in VAT and cuts in tax credits.”
This last statement really shows the callousness of the Coalition. Mind you the Conservatives behaved just the same towards ordinary people when they were in power the last time. They destroyed most of the major industries which were the pride and envy of the world.
It was most surprising that they got in again even though they just scraped in. It was still surprising after all they done to the ordinary people previously. Hopefully the voters have learned this time their lesson.