Daily Archives: February 13, 2013

Jim Pickard

Ed Miliband channelled Ronald Reagan as he used PMQs to push the prime minister on living standards – the issue likely to be the main battleground of the next election.

He put horsemeat to one side to ask David Cameron if living standards would be higher or lower at the end of the Parliament.

The prime minister is vulnerable on the issue given the stagnating economy and cuts to benefits and public spending. He retorted that people would be better off than they would have been under Labour.

But his reply that 24m people would see a tax cut was not exactly convincing: the rise in the income tax threshold towards £10,000 does not negate the much bigger cuts to living standards elsewhere – for example through changes to benefits or tax credits. Read more