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“'The first half has been marked by rising living standards, solid economic growth and extra funding for public services – funded by huge tax rises – none of which was enough to prevent dramatic half-time substitutions in Downing Street.”

“Andy Burnham could face calling a general election at the end of the worst Parliament for living standards in modern times, according to a grim report.”

“The banks were saved, but ballooning government borrowing, which began with that crisis, ushered in a period of austerity, crushed living standards and caused stagnation.”

“That may be defensible in normal times, but after two Budgets in which Labour hiked taxes and with warning signs flashing across the economy, these are far from normal times.”

“He added: 'We won't take risks with people's living standards or with the economy as a whole, so we will take it all into account.' Grant Fitzner, chief economist at the Office for National Statistics, said sharp price rises for petrol and diesel, coupled…”