© Dominic Lipinski/PA
Chancellor George Osborne will come under pressure before the Budget to make sure economic growth is translated into higher incomes
Households at every income level have seen their living standards fall since the last election, according to independent figures that put pressure on
George Osborne to translate economic growth into higher incomes.
According to data from the Institute for Fiscal Studies, households at the top and bottom of the income scale are worst affected, but middle-income earners who pay the 40p tax rate suffer most when their wages increase.
As the chancellor puts the finishing touches to his Budget, the findings will add to the clamour from Tory backbenchers for a rise in the 40p threshold to exclude more middle-income families who are dragged into the higher rate tax band as their salaries rise.
New figures from the IFS's "green budget", a scene-setter for the chancellor's statement, reveal that stagnant wages, rising shop prices and
austerity measures have hit the real incomes of all workers across the pay spectrum, supporting
Labour's claims that all workers are worse off since 2010.
The detailed analysis contrasts with a study by Treasury officials, published on Tuesday, that found a majority of workers saw a boost to their real incomes in all but one of the last seven years.
Comment: The only way this world can ever change is through knowledge of psychopathology, and a good understanding of how 'evil' operates. This knowledge has been severely lacking - by design, no doubt - throughout the previous few millenia, leading to the inevitable rise and fall of civilizations as a function of the concentration and power of the destructive parasites (referred to as "elites" in this study).