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Ed Miliband Warns Of 'cost Of Living Crisis' For 'squeezed Middle'

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http://www.guardian.co.uk/politics/2011/feb/28/ed-miliband-cost-living-crisis-squeezed-middle

Ed Miliband will warn on Monday of a "cost of living crisis" that will leave middle earners struggling even if the economy recovers.

The Labour leader has seized on the launch of an independent thinktank inquiry to renew his focus on what he calls the "squeezed middle" – a sector that he will admit was forgotten by Labour in the past.

Figures from the Resolution Foundation suggests wages for low and middle earners have failed to keep pace with wider economic growth since the 1970s.

Average pay was set to be no higher in 2015 than it was in 2003, it suggested.

Miliband believes a "sustained period of wage stagnation" coupled with the Tory-Lib Dem government's spending cuts and benefit reforms will further worsen the trend.

The impact of tax and benefit changes, public service cuts and rising prices threatens families with children the hardest, he will say.

Speaking at the launch of the foundation's 18-month Commission on Living Standards, Miliband is expected to say: "My fear for those on middle and low incomes is that more and more families will face a cost of living crisis that will see them left behind, even as the economy eventually recovers.

"The failure of the government is two-fold: they are not taking steps to build a different kind of economy, and they are hitting lower- and middle-income families hardest in the way they are cutting the deficit."

Labour leaders in the past judged "fairness" in terms of the gap between the richest and poorest, as for decades most middle earners shared in rising prosperity.

Over the last 20 to 30 years that "once-safe assumption" has broken down, Miliband will say. While those at the top have done well, middle and low earners are no longer guaranteed the proceeds of growth.

http://www.dailymail.co.uk/news/article-1246333/Gulf-rich-poor-grown-Labour-widest-WWII.html

The gulf between rich and poor has grown wider under Labour than at any time since World War II, according to a devastating report to be published today.

It paints a picture of a country shaped by inequality and an enduring system of class, with the children of the poor destined to live much harder and shorter lives than those of the wealthy.

The 450-page report by the Government's National Equality Panel represents a damning verdict on Labour's 13 years in office and Tony Blair's pledge on poverty in 1996.

Ed been damning of the last Labour leadership, or just hoping the public are too stupid to realise inequality grew during the last Labour govt?

Although it does appear lost on Ed why incomes are being squeezed nothing at all to do with poor economic policy for the past decade.

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http://www.guardian....squeezed-middle

http://www.dailymail...idest-WWII.html

Ed been damning of the last Labour leadership, or just hoping the public are too stupid to realise inequality grew during the last Labour govt?

Although it does appear lost on Ed why incomes are being squeezed nothing at all to do with poor economic policy for the past decade.

I plump for: "or just hoping the public are too stupid to realise inequality grew during the last Labour govt"

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I can't see Labour getting elected for at least 10 years.

IMO rioting in the streets will be seen as a better option than voting Labour (or Tory or Liberal).

Every public sector worker with any sense of economic self preservation*, anyone with a pension etc etc is going to vote labour.

*And no ethics, ofc.

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I wonder how Ed Miliband found out the middle classes are feeling squeezed. Maybe he read about it in the newspaper. As a property millionaire MP married to a barrister, he's certainly not feeling anybody's pain.

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Speaking at the launch of the foundation's 18-month Commission on Living Standards, Miliband is expected to say: "My fear for those on middle and low incomes is that more and more families will face a cost of living crisis that will see them left behind, even as the economy eventually recovers.

Left behind? Left behind where exactly? Are the elites going to drop us off somewhere while they go out and party? :blink:

For the last 10-20 years we've being going nowhere, take away the HPI masking and it would be clearly visible.

This Millipede character would be all at sea in a Spittoon.

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I wonder how Ed Miliband found out the middle classes are feeling squeezed. Maybe he read about it in the newspaper. As a property millionaire MP married to a barrister, he's certainly not feeling anybody's pain.

+1. Yet another millionaire speaks and expects Joe Sixpack to sit up and listen.

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Ed been damning of the last Labour leadership, or just hoping the public are too stupid to realise inequality grew during the last Labour govt?Although it does appear lost on Ed why incomes are being squeezed nothing at all to do with poor economic policy for the past decade.

This.

Ed is so f*cked. If he's leader of Labout by the next election I'll be amazed. He's making Hagues tenure look heavyweight.

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Every public sector worker with any sense of economic self preservation*, anyone with a pension etc etc is going to vote labour.

*And no ethics, ofc.

Good. Can't wait for them to get back in and really screw things up. I am ready.

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Every public sector worker with any sense of economic self preservation*, anyone with a pension etc etc is going to vote labour.

One thing I learned early in work is that if you are going to cut, do it fast and hard; if you go slow everyone hates you because they fear they are next. Do it fast and they're ok because it was someone else.

I was amazed to see that on some programme recently. Might have been "House". The Coalition needs to get the job done fast - maybe be through the big stuff by Year 3, that leaves two years for those still there to have worked out that this Coalition thing isn't so bad after all, and the others probably voted Labour anyway.

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Give Ed credit, he has correctly identified a problem.

What is missing though is a solution. If he suggested a policy of lowering taxes, and making it more lucrative for people to work, and shifting the burden of tax on to those with large wealth, then I would be impressed. More so if he called for an end to SMI and the selling off of all council housing and an end to HB, to be replaced by a citizen's income, then I might even vote for him.

I doubt though, that these are the sorts of policies that he has in mind.

I bet in fact, that he is such a political coward, that he wont even say what policies he would advocate to tackle the problem, lest they be exposed like all recent labour policies, as a shambling joke.

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Good. Can't wait for them to get back in and really screw things up. I am ready.

I am always in awe of your logic that a totally screwed up environment will be more than compensated by static buying power of some small amount of yellow metal you have stashed, providing people play your game and also providing you didn't buy Tungsten.

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I plump for: "or just hoping the public are too stupid to realise inequality grew during the last Labour govt"

Well 'the stupid' are one of the core demographics for Liebour along with public sector troughers (remember the polling during the election that said they had more support at the higher levels in the public sector than further down), the feckless and champagne socialist rich kid tw*ts who still think they are living in a 1980s Ben Elton sketch (hello Ed!).

Edited by Warwick Yellow

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Ed Miliband Warns Of 'cost Of Living Crisis' For 'squeezed Middle'

For some reason this reminds me of Gaddafi 'warning' of Civil War.

Labour's economic policies when in power were probably the most advanced form of protection racket in history.

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I wonder how Ed Miliband found out the middle classes are feeling squeezed. Maybe he read about it in the newspaper. As a property millionaire MP married to a barrister, he's certainly not feeling anybody's pain.

His butler told him about it.

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Give Ed credit, he has correctly identified a problem.

no. he has rabbitted the obvious, and the reason Labour lost the last election

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the feckless and champagne socialist rich kid tw*ts who still think they are living in a 1980s Ben Elton sketch (hello Ed!).

well put

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I don't like many of your views. But on this I am with you. I'd rather see someone like you making use of capital than someone sitting waiting for armageddon so they can become rich. It's just not very attractive somehow.

Bogbrush represents here the upside of capitalism: putting capital to work, contributing positively to the economy, etc.

A gold-bug is merely a dragon, sitting on a hoard. If it's such a small hoard he/she could keep it in a regular house, then it's a pathetic loser of a dragon.

(which is not to belittle people who have little bits of gold for a reason other than hoarding - like a tooth or a ring).

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I am always in awe of your logic that a totally screwed up environment will be more than compensated by static buying power of some small amount of yellow metal you have stashed, providing people play your game and also providing you didn't buy Tungsten.

I think he merely understands economics and history more than most.:D

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Average pay was set to be no higher in 2015 than it was in 2003, it suggested

Do they mean in real terms or cash terms?

ISTM most unreasonable to expect average pay to continually go up in real terms.

tim

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I don't like many of your views. But on this I am with you. I'd rather see someone like you making use of capital than someone sitting waiting for armageddon so they can become rich. It's just not very attractive somehow.

'm sorry about that as you always strike me as a decent person. I don't apologise for any of my views of course, but I do go out of my way to express myself in stark terms which may well obscure the fairly reasonable person behind them.

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:D

Looks like the retarded paper bugs have been alowed out for the afternoon again!

:D

:lol:

I've always wondered what it is about the yellow that stirs such emotional response in people. I don't think any other commodity evokes such a reaction.

Edited by Britney's Piers

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  • 294 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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