From income to home ownership and public services, everybody is disgruntled – but for different reasons
T
he British economy has endured a series of setbacks in recent years: austerity, Brexit, the global pandemic, soaring energy prices and an increasingly fractured and uncertain world. The early optimism that accompanied Labour’s election victory faded quickly, with a recent poll ranking Rachel Reeves as the worst chancellor in modern history.
But is this fair? Is the economy really in as bad a shape as people feel?
A good place to start is with recent trends in inflation and wage growth. If prices rise faster than wages, we feel the pinch as the cost of living rises.
