Living standards: you\’ve never had it so grim
Right, right, the economy\’s the worst it\’s ever been.
On Wednesday the Bank of England did what it has done more or less every quarter since 2008, and somewhat darkened its forecasts, while the Office for National Statistics looked backwards and relayed that pay packets are now no weightier than in 2003, indicating an entire lost decade.
Oh, so we\’re actually all living at the standard we were 10 years ago then? And as I recall it a decade ago we were all agog at how wonderful everything was, a decade into a marvelous boom.
So it\’s not actually never had it so grim really, is it? Every year before 2003 was in fact grimmer than this.