Disposable incomes for average working-age household fell by over £1,500 a year in Cameron’s first two years in Downing Street - Catherine McKinnell

Catherine McKinnell MP, Labour’s Shadow Exchequer Secretary to the Treasury, commenting on ONS figures on household income published today, said:

“These figures show that disposable incomes for the average working-age household fell by over £1,500 a year in David Cameron’s first two years in Downing Street. And after three damaging years of flatlining the cost-of-living crisis under this Government continues as prices are still rising much faster than wages.

“That’s why we need action in the Autumn Statement to tackle the rising cost of living and ensure we can earn our way to higher living standards for all and not just a few at the top. But with energy bills still rising this winter after the Government’s announcements, David Cameron and George Osborne look set to fail the test.”