£10,200: How much worse off Britons are after 14 years of Tory rule
Al Jazeera
Britons have lost the equivalent 15 weeks of wages based on comparisons with pre-2010 growth trend.
After 14 years of Conservative Party government, a person in the United Kingdom is much worse off than if the economy had continued to grow as fast as its pre-2010 trajectory.
Britons had on average £10,200 ($12,950) less to spend or save in total during 2010-2022, when compared with 1998-2010 growth rates, according to an analysis of disposal incomes by the nonpartisan Centre for Cities research institute.
The amount is equivalent to roughly 15 weeks of the average wage in Great Britain, or eight months of the average rent in England.
It is a sobering snapshot of the state of the UK economy as voters go to the polls on July 4 in an election focused firmly on people’s pocketbooks.
UK Prime Minister Rishi Sunak’s Conservatives are widely expected to be deposed by the Labour Party, led by human rights lawyer-turned-prosecutor Keir Starmer, which has for months led the polls by about 20 points.
