Rising living standards

Over the last year inflation has fallen, with many shop prices going down. Petrol and diesel have dropped in price. Meanwhile many people have had some modest pay rise, so real incomes are rising again.

There has also been a large increase in employment, meaning more people are in receipt of a pay packet and have more money to spend as a result.

Too many people lost their job in the crash of 2007-9. Too many people were squeezed by lost bonuses, no pay rises, and inflation. It has taken time to get inflation back under control, and to restore sufficient confidence and activity so pay rises are possible again.

Wokingham has one of the lowest unemployment rates in the country. There is a range of jobs available for those seeking work or seeking a better job. We are short of some skills, especially in building where there is renewed activity.

The main thing I wish to see over the next five years is a sustained rise in living standards, as we used to experience before the Great Crash of 2007-9. This is possible if we continue with the current economic policy. We need to control future public debts, so we can keep interest rates low. We need tax cuts to boost people’s spending power, so they keep more of what they earn.

 

Published and promoted by Thomas Puddy for John Redwood, both at 30 Rose Street Wokingham RG40 1XU

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2 Comments

  1. Narrow Shoulders
    Posted April 9, 2015 at 5:59 pm | Permalink

    Mr Redwood

    My standard of living is much reduced from 2010, same job, small increments in pay, large tax rises and living costs risen hugely as a consequence of demand (immigration), government subsidy of those I compete with and government subsidy of banks through low interest and QE.

    That in the last few months the foot has been removed from my throat will not make me disregard the previous 5 years and the real position I find myself in relative to when your party came to power.

    • Derek Green
      Posted April 11, 2015 at 8:58 am | Permalink

      But just imagine how very much worse off you would have been had Labour been elected !

  • About John Redwood


    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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