Ed Balls claimed in Budget that families will be better off in 2015 . Figures are based on Real Household Disposable Income after tax . George Osborne says workers were £1,600 worse off in April 2014 than in 2010 . Real terms fall caused by prices rising faster than wages for years . But a year on , with the economy growing , wages are now starting to rise . IFS says such a slow recovery in incomes is no cause for celebration .
George Osborne claimed in Budget that families will be better off in 2015 . Figures are based on Real Household Disposable Income after tax . Ed Balls says workers were £1,600 worse off in April 2014 than in 2010 . Real terms fall caused by prices rising faster than wages for years . But a year on , with the economy growing , wages are now starting to rise . IFS says such a slow recovery in incomes is no cause for celebration .