Caution is the byword for Britain’s squeezed families

FT

the vast majority of families will have lower living standards...

Output is closing in on the peak level reached six years ago. And with a bounce in the polls for the Conservatives after the Budget, things in George Osborne’s garden are smelling of roses. His post-Budget swagger suggests he thinks it is time for a little complacency.

The chancellor of the exchequer should be more cautious. When the May 2015 general election arrives, a definitively settled fact will be that, while the UK economy is set to be about 8 per cent bigger than in May 2010, the vast majority of families will have lower living standards.

http://www.ft.com/intl/cms/


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