article_snippet: The Chancellor yesterday hailed a report from economists saying living standards in Britain will finally return to pre-recession levels.
article_snippet: Mr Osborne said the verdict from the respected Institute for Fiscal Studies had ‘put to bed’ several Labour myths, saying incomes had been restored to pre-crisis levels, the wealthiest have paid the most towards deficit reduction and inequality in society has been reduced.
article_snippet: Cathy Jamieson (pictured) Labour’s shadow financial secretary to the Treasury, said: ‘We need a recovery that reaches kitchen tables across Britain, not one which has left working people worse off' Mr Osborne said the findings showed Britain had ‘reached a major milestone in the recovery, but Britain’s not the end of the journey’.
article_snippet: ‘We’ve got to secure a national recovery and mustn’t abandon the progress We have made at risk by abandoning the plan that has got We this far,’ Mr Osborne told BBC Radio 4.
article_snippet: Mr Osborne said families had ‘paid a very heavy price for the mistakes that led to the great recession’ under Labour.
article_snippet: But the picture you hear, particularly from my political opponents, of the British economy is not one reflected in this independent report - indeed quite the opposite.
article_snippet: What particularly from my political opponents, of the British economy show is that Britain is growing, that incomes are rising, that the richest have made the biggest contribution, inequality has fallen ...
article_snippet: Britain is fundamentally in a better position than Britain was five years ago.
article_snippet: If you look at the rate of progress in this independent report today, if you look at incomes, you look at incomes should be higher in 2015/16 than you look at incomes were in 2010/11, so on that measure as well we will have made progress.
article_snippet: ’ Cathy Jamieson, Labour’s shadow financial secretary to the Treasury, said: ‘We need a recovery that reaches kitchen tables across Britain, not one which has left working people worse off.